What is the EGX30 ETF?

The EGX30 ETF is your one stop shop to invest in Egypt’s top 30 companies. These companies come from a range of industries—think banking, telecoms, real estate, and more! The ETF is designed to mirror the performance of the EGX30 index, so buying into it means you’re owning a slice of these major companies, all in one swoop.

But before we go any further let’s take a step back and explain, what is an ETF – if you already know this bit, you can skip over to how it’s different from our existing index mutual funds. 

What is an ETF?

An ETF is like a sample platter of investments. Instead of buying individual stocks, you’re buying a basket of assets that tracks a specific index, like the EGX30. ETFs trade on stock exchanges, so you can buy and sell them throughout the day just like a regular stock. It’s a straightforward and efficient way to diversify your portfolio with one click!

 How is it Different from a Mutual Fund?

Here’s a quick breakdown of the differences:

• Trade Anytime: Unlike mutual funds that trade on certain days, the EGX30 ETF trades like a stock, so you can buy and sell whenever the market’s open.
• Lower Fees: ETFs, like the EGX30 ETF, are typically cheaper to manage because they track an index, not a fund manager’s decisions, which means you pay lower fees.

The perks of the EGX30 ETF: 

A few things make the EGX30 ETF standout among your investment options: 

• First of Its Kind: It’s Egypt’s only ETF, giving you the first ever chance to invest in a diversified portfolio of the country’s biggest companies, right here on Thndr!
•  Managed by Beltone: One of Egypt’s top asset managers, Beltone is behind the wheel, so you know your money is in expert hands.
•  Easy Diversification: With one click, you get exposure to 30 different companies across multiple industries—an easy way to lower your investment risk.
•  Low Cost Investing: Because it’s passively managed, the EGX30 ETF comes with lower fees than most actively managed mutual funds. That means more money in your pocket!

Who is the EGX30 ETF Most Suitable For?

The long-term investor: Whether you’re a new investors, or have been in the market for a while, as long as you’re looking for a long-term gains, then this is for you. The nature of this product, and the information we provide below on it’s risks & benefits, explains how this best suited for someone who is looking to reap rewards in the future. 

What Are the Risks with the EGX30 ETF?

Of course, no investment is without its risks. Here are a few things to keep in mind:

•  Liquidity Risk: It’s important to be aware of liquidity risk. ETFs can sometimes be harder to trade than individual stocks. This is because ETFs rely on the liquidity of the underlying stocks they hold. If there’s low trading activity in those stocks or fewer buyers and sellers of the ETF itself, it might take longer to buy or sell your shares at the price you want. For this reason, this ETF may be better suited for a 
• Market Fluctuations: Since the EGX30 ETF tracks Egypt’s top 30 companies, if these businesses face tough times, your investment will feel the impact too.
•  Industry Focus: With a concentrated focus on Egypt’s largest companies, if certain sectors struggle (think banking or real estate), it could affect the performance of your investment.

 What Are the Costs of the EGX30 ETF?

Costs always matter to our users! Here’s what you should expect:

• Management Fees: Good news—because it’s passively managed, the EGX30 ETF has lower fees compared to mutual funds, saving you money over the long term.
• Thndr Fees: Just like any stock, buying and selling the EGX30 ETF comes Thndr’s regular transaction fee of EGP 2 + 0.1% on every buy and sell order.

I’m ready! How do I  Invest in EGX30 ETF on Thndr? 

The EGX30 ETF is a convenient  way to invest in Egypt’s top 30 companies, with the flexibility of stock trading and the cost efficiency of an ETF. As Egypt’s only ETF, it’s an exclusive opportunity for investors to get exposure to 30 major companies across different industries, all managed by the trusted experts at Beltone. Whether you’re a newbie looking to start investing, or a seasoned pro looking for more diversification, the EGX30 ETF is the smart, affordable choice. Ready to take the leap? Get started today on Thndr!

About Beltone: The Asset Manager behind the EGX30 ETF

Beltone Asset Management, a subsidiary of Beltone Financial Holding, is a leading asset manager in Egypt, with Egp 26 Bn in assets under management as of Sept 2024. The company has a long track record of managing assets for high-net-worth individuals, corporations, private banks, and government institutions. 

Why we created Thndr Fortune? 

A big part of what fuels our success and planning is the core value of being user-centric, in other words, putting you first. We’ve spent significant time with some of our top investors and have identified the needs that drove the design of today’s fortune status. We believe those who trust us with their money, deserve a unique experience that parallels their investment appetite. 

 What is Thndr Fortune?

Thndr Fortune is more than just a status —it’s an experience created to best mirror your distinguished investing needs. With a focus on providing our top investors with a tailored experience, Thndr fortune offers access to exclusive personalized features and dedicated support that will help you keep your investing experience elevated. 

 What perks do you get as a Thndr Fortune client? 

As a Fortune client, you’ll unlock a range of benefits that will make your investing journey smoother, more rewarding, and most importantly, you’ll always first in line: 

We’re always expanding our Thndr Fortune offerings, so keep an eye out for even more tailored benefits and features coming your way.

Unlocking Thndr Fortune status

Thndr Fortune is designed for those who have a minimum combined portfolio value of EGP 500,000 EGP within the Egyptian market across the following:

• Thndr investing wallet
• Mutual funds 
• Gold
• Stocks

We’re here to support your growth, and we believe that the Fortune experience will provide you with the tools you need to reach your financial goals.

When does my Fortune status update?

Make sure your total portfolio value is above EGP 500,000 by the first day of each month to maintain your Fortune status.

 What happens if my balance drops?

If your balance falls below the needed amount, don’t worry—you’ll get a friendly reminder and a grace period of one month to bring it back up. If your balance is still below the threshold after this period, your Thndr fortune status will be temporarily paused, but you will automatically regain access, as soon as your balance meets the criteria once more. 

Ready to join those taking their investing experience to the next level? Unlock Thndr Fortune and enjoy the exclusive benefits designed for our top investors.

*Rumble—your financial advisor, is an investment advisory platform created by the same team behind Thndr. For more about Rumble please click here

Why Electric Stocks?

Electric Stocks are companies that have consistently delivered financial results above the market average. The previous version of Electric Stocks had already been outperforming the market, and with this new iteration, we’re taking it up a notch. This list has been carefully selected based on a methodology that ensures that you have fundamentally strong and well priced companies to choose from when building your portfolio.

What Makes a Fundamentally Strong Company?

A fundamentally strong company typically has:

• A solid business model
• Above-average growth
• The ability to generate profits from invested capital

These characteristics contribute to long-term growth in value and, in turn, returns for investors. To find these companies, we dive deep into their financial statements from the past eight quarters, analyzing specific ratios that reflect their financial health.

We categorize our analysis into five key areas:

• Growth
• Financial Performance Stability
• Profitability & Efficiency
• Risk
• Earnings Quality

But that’s not all. We’ve added a sixth category to our analysis: Valuation. This ensures that the stocks on this list are not only fundamentally strong but also valued at a good price, using the PE ratio as our primary metric.

What is a PE Ratio?

The PE ratio, or Price-to-Earnings ratio, is one of the most common metrics for valuation. It tells you how much investors are willing to pay for a company’s earnings. We specifically look for stocks with a PE ratio of 7x or less, which we consider “cheap” in the context of the Egyptian market. 

For comparison, the average PE for EGX30 over the past five years has been 9.2x. This means that Electric Stocks are not just fundamentally strong—they’re also valued at a relatively “cheap” price. 

P.S. This valuation approach is a high-level exercise to identify potentially undervalued companies. If you’re looking for a more in-depth analysis, subscribing to Rumble will give you access to more in-depth analysis and expert recommendations.

Where can I find the Electric Stocks list?

You can find the latest list of Electric stocks on Thndr under the Explore section

How to Use the Electric Stocks List

Think of the Electric Stocks list as your monthly company shopping list that will be updated and sent out at the start of every month.

Here’s how you can make the most of it:

1. Choose 5 to 10 stocks that best fit your investment strategy.
2. Sell when a stock is no longer on the list:
   • If it’s off the list, it could mean that the stock’s multiples are higher, indicating a higher price. This might be a good time to sell and lock in your gains.
   • Alternatively, if you believe in the company’s long-term potential, you might decide to keep investing.
3. Fundamental changes: If a stock is removed due to changes in fundamentals, it’s time to sell. 

We’ll keep you updated on what’s in, what’s out, and why, along with the performance of the list each month.

Electric Stocks scoring methodology

The nitty gritty details 

For those of you who want to dive deeper, here’s how we select the Electric Stocks:

Category 1: Growth 

• 8-Quarter Revenue Compounded Quarterly Growth Rate (CQGR)
  • Calculation: We calculate the compounded growth rate (CGR) over the past eight quarters. For example, the latest financials are for Q2 2023, so we take the CGR from Q3 2021 to Q2 2023.
  • Rationale: We wanted to measure the growth of companies’ top lines.
• 8-Quarter Operating Profit Compounded Quarterly Growth Rate (CQGR)       
  • Calculation: We calculate the compounded growth rate (CGR) over the past eight quarters. For example, the latest financials are for Q2 2023, so we take the CGR from Q3 2021 to Q2 2023.
  • Rationale: We wanted to measure the growth of companies’ operational performance. 

Category 2: Financial Performance Stability

• 8-Quarter Revenue Coefficient of Variation (standard deviation/average)       
  • Calculation: We divide the standard deviation of the past 8 quarters (i.e. Q3 2021 to Q2 2023) by their average. 
  • Rationale: We wanted to make sure revenues aren’t volatile, such as those that depend on contracts or are cyclical by nature.
• Operating Profit Margin Coefficient of Variation (standard deviation/average)       
  • Calculation: We divide the standard deviation of the past eight quarters (i.e. Q3 2021 to Q2 2023) by their average.        
  • Rationale: We wanted to make sure companies with non-recurring items skewing operating profits are not given a misrepresentative high score. 

Category 3: Profitability & Efficiency

• Asset Turnover Ratio       
  • Calculation: We take trailing 12-month sales then divide it by average assets (average of latest quarter and corresponding quarter the year before).
  • Rationale: We wanted to measure how well companies utilize their assets in turning them into revenue.
• Return on Average Equity       
  • Calculation: We take trailing 12 months net profit and divide it by average equity (average of latest quarter and corresponding quarter the year before).
  • Rationale: We wanted to measure how effective companies are at deploying shareholder capital.
• Return on Average Assets       
  • Calculation: We take trailing 12 months net profit and divide it by average assets (average of latest quarter and corresponding quarter the year before).
  • Rationale: We wanted to measure how well companies can use their assets to generate profit. 

Category 4: Risk (Leverage & Liquidity)

• Net Debt/Equity       
  • Calculation: We look at debt as of the latest quarter, subtract cash and cash equivalents as of the latest quarter then divide it by equity as of the latest quarter.
  • Rationale: We wanted to measure companies’ capital structure.
• Current Ratio       
  • Calculation: We divide companies’ current assets by current liabilities as of the latest quarter.       
  • Rationale: We wanted to assess companies’ liquidity position.
• Loan-to-Deposit Ratio (LDR) — Banks Only       
  • Calculation: We divide total loans by total deposits from the latest quarter.       
  • Rationale: To assess the bank’s liquidity in terms of its credit/lending capacity.

Category 5: Earnings Quality

• Operating Profit/Net Profit        
  • Calculation: We sum the trailing 12-month operating profits then divide it by the trailing 12-month net profits.
  • Rationale: We wanted to assess companies’ quality of earnings by making sure a significant portion of them came from operating profits.
• Cash Flow from Operations/Total Liabilities – Banks Only 
  • Calculation: We sum the trailing 12-month cash flows from operations then divide it by average total liabilities (average of the latest quarter and the corresponding quarter the year before).
  • Rationale: We wanted to replace the net debt-to-equity ratio used for non-financial companies with another metric that can gauge banks’ financial health.

Valuation

The methodology described above aims to identify fundamentally-strong EGX-listed companies, but it does not take into account a measure of whether or not the stock’s current price is overvalued or undervalued. 

That’s why we added a valuation factor as the final screening step. The final list of companies are those with strong fundamentals & a last-twelve-month price-to-earnings (PE) multiple of 7x or less.

The rationale behind choosing a PE multiple of 7x or less comes from the inverse relationship between the cost of investing in Egyptian equities & PE: When the cost of equity is high, the P/E ratio tends to be lower, and vice versa. This is because a higher cost of equity implies a higher required return for investors, which usually results in a lower stock price if earnings remain constant. Consequently, the P/E ratio would be lower.

We believe that an appropriate long-term cost of investing in Egyptian equities is 15%; the inverse (PE) of 15% is 7. 

How else can Rumble help me on my investing journey?

• Fundamental Analysis Recommendations: Find strong companies to buy and hold.
• Technical Analysis Recommendations: Identify the best entry and exit points.
• Exclusive Content: Access a library of content designed to make you a smarter investor.
• Community Access: Join an exclusive group of investors where you can share ideas and connect directly with experts.

Your first month on Rumble is free, so why not give it a try and see how we can help you become the smartest investor in the room?

Download Rumble – [App Store] [Play Store]

That’s right – we’re bringing you the first fund tracking the EGX100 from Beltone

BMM (Meya Meya) is designed to passively invest in the 100 companies in the EGX 100, an index of the 100 most traded companies on the EGX. BMM is expected to mirror the performance of the EGX100. If the collective performance of the stocks of the top 100 companies in the market go up, the fund price will go up, and vice versa. 

*Performance in the past 5 years 

Is this the right investment for me? 

Everyone has mid and long-term goals, whether it’s buying a car in 5 years, taking that trip, or saving for your kid’s university fees. A fund like BMM is best suited for people ready to take action to achieve those medium and long term goals and ready to commit to investing on a monthly basis. With the nature of BMM investing in companies, comes the nature of its volatility (more on that below), investing on a monthly basis is your savior and booster for achieving those high returns to finance your goals.

Why we’re excited for BMM (Meya Meya) & you should be too!

• The index has historically been on the rise: If we look at the performance of the index in the past, we’ll see that it has grown by +334% in the past 5 years. Additionally, if we measure it against the EGX30, the performance is even more surprising – keep reading if you’re interested to see that comparison below. 

• Gears you for monthly investing: Investing in a fund which passively tracks an index is often a great choice for a habitual investor – if you’re the type to regularly put money aside every month, this is a great investment option for you. 

• Highest industry exposure: BMM (Meya Meya) invests in 100 companies across various industries (including all 12 industries on EGX 30), tapping into 4 more industries such as building materials & education, not available in other indices. 

• Expert-led: Your investment is in good hands! The asset manager needs to manage the funds in a way that reduces overall cost while ensuring proper tracking of the index. Beltone Asset Management is a leading asset manager in Egypt, with EGP 21.15 billion in assets under management as of June 2023. The company has a long track record of managing assets for high-net-worth individuals, corporations, banks, and government institutions. 

BMM (Meya Meya) vs. CI30?

BMM is new to the market, but not the first fund to track an index – CI30 is a similar fund which tracks the EGX30 Capped. You might be wondering how they stack up to one other, and what the major differences are. We’ve put together a table to help you compare the two..

Reward comes with risk – here’s what to watch out for: 

• Is it doing what it promises to do? Although BMM aims to accurately mirror the EGX100 Index’s performance, there is always a chance that it doesn’t keep up with the index’s changing composition. The difference between an index fund’s performance and the index it is trying to mimic is known as “tracking error”. That’s why we recommend comparing it regularly to the performance of the EGX100 to keep track of how the fund is performing and to continually reassess your investment choice. 

• Higher volatility: Because the fund includes 100 companies, this comes with the added element of less liquidity; not all companies within this index are liquid which translates to higher price swings, more fluctuation in market moves, and hence more volatility. This is why this investment is best suited for you if you are an investor who sticks to the habit of putting aside money monthly in the fund, allowing you to ride out any turbulent waves. 

A quick overview of how it works: How does BMM (Meya Meya) invest your money?

Asset managers always put guidelines that they need to follow for every fund that they create. This helps them invest the fund’s money in the way that they promised. Here are the guidelines set for BMM (Meya Meya)

• To effectively track the EGX100, at least 90% of BMMs assets need to be invested in the index’s stocks.

• The fund needs to keep 10% of the fund’s initial value in money market funds and/or cash & cash equivalents

To learn more details about the fund, we recommend you read the prospectus here. 

What are the fees for investing in BMM (Meya Meya)?

Great news – there are no subscription or redemption fees on the fund besides Thndr’s regular transaction fee of EGP 2 + 0.1% on every buy and sell order.

When can I invest in BMM (Meya Meya) on Thndr?

Time matters: If you place a buy/sell order before 10:00 AM, it will be sent to Beltone on the same day but executed the next day at the new certificate price. If you place a buy/sell order after 10:00 AM, it will be sent to Beltone the next working day, and your order will be executed the day after at the new certificate price.

Placing orders: You can place a buy order for BMM starting today, but the fund will activate on Tuesday the 3rd of September – which means that your order will only be executed on that day. Once the fund is activated, you can buy & sell BMM on a daily basis.

How can I invest in BMM (Meya Meya)?

You can also search “BMM” or “ بلتون مية مية ”

It only takes a few taps to invest in 100 companies at once! 

To find the fund on Thndr you can check out our ‘Mutual Funds’ theme.

Interested in investing passively through index funds? Thndr’s got you covered!

CMS:
An equity fund that aims to provide returns through investing directly in the EGX33 Sharia index containing the most traded 33 sharia-compliant stocks listed and traded on the EGX.

CI30: 

The CI EGX30 Capped (CI30) is a fund that tracks the EGX 30 Capped index performance. What does that mean? It means that it invests in the top 30 companies in the Egyptian stock market with a maximum weight of 15% per company.

This high-risk, open-ended equity fund follows the EGX33 Sharia Index fund which includes the most liquid 33 companies in the EGX100 and saw a  179% increase since 1 Jan 2022 till 1 Aug 2024, giving you a 49% compound annual return. 

Let’s dive into the details!

What is the Misr Sharia Equity Fund and how does it work?

It is an equity fund that aims to provide returns through investing directly in the most traded 33 sharia-compliant stocks listed and traded on the EGX. It is categorized as a high-risk, high-return investment opportunity, offering daily subscription and weekly redemption. 

The fund is managed by CI Asset Management, the same asset manager for the CI30 Index fund, so you can think of Misr Sharia Equity as the Sharia compliant sibling of CI30. 

Who manages the Misr Sharia Equity Fund?

It is managed by CI Asset Management,  one of the largest asset managers in Egypt with current assets under management of nearly EGP 69.5 billion. 

Unlike other active Sharia funds, this fund does not have a Sharia board as it only follows the EGX33 Sharia index.

What does the Misr Sharia Equity Fund invest in? 

The fund focuses on investing in the EGX 33 Shariah index, which includes the most liquid 33 Egyptian companies that are Sharia compliant as designated by the EGX

This means no investments in companies involved in traditional banking, traditional insurance, the sale of alcohol, pork, or cigarettes, gambling, and media. 

The EGX 33 Shariah index represents 16 different sectors such as telecom, real estate and banking, ensuring a diversified investment portfolio and the relative weight of any company cannot exceed 15 percent of the index.

To learn more about what the fund invests on , here is a link to the prospectus, which includes detailed information on the fund or you can head to Rumble for a more in depth analysis of the EGX33 index

Why invest in the Misr Sharia Equity Fund?

• Sharia-Compliant: The fund stands out as one of the Sharia-compliant equity funds on Thndr, providing an effortless way to invest in compliant stocks.
• Diversified Portfolio: We always say to never put all your eggs in one basket, and the EGX 33 Shariah index follow the same approach, as it represents 16 different sectors, making sure you have a well-diversified investment portfolio.
• Expert Management: Managed by CIAM, one of the largest asset managers in Egypt with nearly EGP  69.5 billion in AUMs, you can sleep well knowing that your investment is in good hands.

   But everything has risks, right?

• Equity-Focused Fund: Misr Shariah Equity Fund , being an equity-focused fund, is subject to market fluctuations and the inherent risks associated with the stock market. 
• Limited Securities: Given that it is Sharia compliant, the fund runs the risk of investing in a limited number of securities because of its investment guidelines.

What are the fees for investing in Misr Shariah Equity Fund?

There are no fees on the fund, however, the are service fees as follows:

• 0.1% of the value of each order (for buying or selling)
• EGP 2 per order (for buying or selling)

When can I invest in the Misr Shariah Equity Fund on Thndr?

CMS is considered a liquid investment that offers daily subscription and weekly redemption. 

Let’s start off with the subscription. You can start buying the fund certificates daily at a minimum of 2 certificates; any order placed before 9:00 AM will be executed on the same day and any orders placed after 9:00 AM will be executed the next working day, at the new day’s certificate price.

For redemption, sell orders are processed on the last working day of each week at 9:00 AM and executed on the following working day at the execution day’s price. Sell orders made after 9:00 AM will be sent at the end of the following week and executed on the following working day, at that day’s price.

How can I invest in the Misr Shariah Equity Fund?

It only takes a few taps! To find the fund on Thndr you can check out our ‘Mutual Funds’ and ‘Sharia’ themes.

You can also search “CMS” or “صندوق مصر شريعة إكويتي”

Alternatively, use specific keywords such as “Misr Shariah Equity Fund”  for easy access.

Interested in more Sharia Compliant Products ? Thndr’s got you covered

We have a whole Sharia Compliant supermarket right at your fingertips

NM Sharia Equity Fund (NMF or Naeem Misr Fund) is the highest-performing Islamic equity fund in 2023. It is an equity fund that aims to provide returns through investing in sharia-compliant stocks listed and traded on the EGX.  It’s categorized as a high-risk, high-return investment opportunity. The fund is managed by NAEEM Financial Investment (NFI) and has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.

MTF is more than just a savings fund – the low-risk and highly liquid investment opportunity has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.

Sharia Theme: This is a curated list presented to you by Thndr with all the Sharia compliant companies within the EGX, so you can pick and choose at your convenience

This high -risk, open-ended equity fund actively invests within the EGX 33 Sharia Index, backtracking the index progress, it saw a 179% increase since 1 Jan 2022 till 1 Aug 2024, giving you a 49% compound annual return 

Now, let’s make sure you have all the info!

What is the AZ Sharia Opportunities Equity Fund and How Does It Work?

AZ Sharia Opportunities is an equity fund that aims to provide returns through actively investing in the constituents of the EGX 33 Sharia Index Fund. 

Active investing… What does that mean?

Think of it like this, the AZ Sharia Opportunities is basically the Sharia-compliant sister for AZO. The fund does not just blindly follow the index and invests in all 33 companies, but rather the managers at Azimut analyze and pick and choose which companies to invest in within these 33 Sharia-compliant companies based on their investment strategies. 

The fund is categorized as a high-risk, high-return investment opportunity, offering daily subscription and redemption, meaning that you can see your returns grow daily, put in or take out you money whenever you like.

Who Manages the AZ Sharia Opportunities Equity Fund?

ASO is managed by Azimut Egypt Asset Management, one of the largest asset managers in Egypt. With over 20 years of experience and assets under management exceeding EGP 10 billion, you can sleep tight knowing that your money is in expert hands.

What Does the AZ Sharia Opportunities Equity Fund Invest In?

The fund focuses on investing in the constituents of the EGX 33 Sharia index, which includes the most liquid, meaning the most traded, 33 Egyptian companies that are Sharia compliant as designated by the EGX.  

This means no investments in companies involved in traditional banking, traditional insurance, the sale of alcohol, pork, or cigarettes, gambling, and media. 

The EGX 33 Sharia index represents 15 different sectors such as telecom, real estate and banking, ensuring a diversified investment portfolio and the relative weight of any company cannot exceed 15 percent of the index.

These are the fund’s investment guidelines in more detail: 

• No more than 15% of the fund’s assets can be invested in the shares of a single company, and this investment should not exceed 20% of that company’s shares.

• No more than 20% of the fund’s assets can be invested in the investment certificates of a single fund, and this investment should not exceed 5% of the total certificates of that fund.

• Investments in securities issued by a related group should not exceed 20% of the fund’s assets.

• Trading in the same session should not exceed 15% of the fund’s daily trading volume.

To learn more about what the fund invests on , here is a link to the prospectus, which includes detailed information on the fund or you can head to Rumble for a more in depth analysis of the EGX33 index.

Why Invest in the AZ Sharia Opportunities Equity Fund?

       Sharia Compliant:

The fund stands out as a Sharia-compliant (as designated by the the EGX) equity fund on Thndr, providing an effortless way to invest in compliant stocks.

       Diversified Portfolio:

We always say to never put all your eggs in one basket, and the EGX 33 Sharia Index follows the same approach, as it represents 15 different sectors, making sure you have a well  diversified investment portfolio.

       Expert Management:

Managed by Azimut Egypt Asset Management, one of the largest asset managers in Egypt, you can sleep well knowing that your investment is in good hands.

So, what are the risks?

       Equity-Focused Fund:

 AZ Sharia Opportunities is an equity-focused fund, subject to market fluctuations and the inherent risks associated with the stock market.

       Limited Securities:

Given its Sharia compliance, the fund runs the risk of investing in a limited number of securities because of its investment guidelines.

What Are the Fees for Investing in AZ Sharia Opportunities Equity Fund?

Besides the regular Thndr fees of EGP 2 + 0.1% on every buy and sell order, ASO also has a redemption fee of 2% that is amortized over 3 years, similar to AZO.

What does it mean that the fees are amortized?

Early sale fees for ASO can be up to 2% of your investment value, spread over three years. This means the longer you hold onto your investment, the lower the fees you pay when you sell. 

Here are some simple examples:

If you sell after 1 year, the fee is 1.3%.

If you sell after 1.5 years, the fee is 1%.

If you hold for 3 years, there’s no fee at all.

When Can I Invest in the AZ Sharia Opportunities Equity Fund on Thndr?

ASO is considered a liquid investment that offers daily subscription and daily redemption. 

Subscription and redemption have the same rules. If you place a buy/sell order for the fund certificates before 2:00 PM, it will be sent to Azimut on the same day but executed the next day at the new certificate price.

If you place any buy/sell orders after 2:00 PM, it will be sent to Azimut the next working day, and your order will be executed two days after the day it was submitted at the new certificate price.

How Can I Invest in the AZ Sharia Opportunities Equity Fund?

It only takes a few taps! 

To find the fund on Thndr you can check out our ‘Mutual Funds’ and ‘Sharia’ themes.

You can also search “ASO ” or “ صندوق أزيموت فرص الشريعة”

Interested in more Sharia Compliant Products? Thndr’s got you covered!

We have a whole Sharia-ompliant supermarket right at your fingertips.

NM Sharia Equity Fund (NMF or Naeem Misr Fund) is the highest-performing Islamic equity fund in 2023. It is an equity fund that aims to provide returns through investing in Sharia-compliant stocks listed and traded on the EGX.  It’s categorized as a high-risk, high-return investment opportunity. The fund is managed by NAEEM Financial Investment (NFI) and has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.

MTF is more than just a savings fund – the low-risk and highly liquid investment opportunity has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.

AZG: Gold is an investment favorite as old as time and has historically been a great hedge against inflation. You can invest in gold through the AZG (Azimut Gold) fund on Thndr. When you buy certificates of AZG, 100% of your money is invested in physical 24k gold that is stored in CBE-licensed vaults.

Why should I care about investing in companies anyway?

Investing in companies has proven to be the best avenue for building wealth over the long run.The biggest 30 companies in the Egyptian stock market outperformed other asset classes over a 25 year period from 1998-2024.

Please note that past performance does not guarantee future profits.

Expertly curated for you—Rumble’s Fundamental Portfolio

Imagine having access to companies picked by experts who advise millionaires. Rumble’s curated portfolio offers you a strategic and well-researched selection of stocks based on themes that are set to win in the current market conditions.

This portfolio is an exclusive product for Rumble users, and only 6 stocks from the portfolio are displayed on the Thndr app. Rumble will be sharing August’s updated full list with you for free! But, if you want to continue getting updates starting September you’ll need to to join Rumble.

Proven Performance

Let’s compare the returns you would have made if you had invested in the top 30 companies in the Egyptian stock market between Jan 2024 and July 2024 with the returns that Rumble’s Fundamental Portfolio has made in the same period of time. 

How does the portfolio stack up to some of the top equity funds on Thndr?

What’s the portfolio’s secret sauce? 

Rumble’s experts have identified key market themes driving their stock selections. Each stock in the portfolio is chosen based on its potential within these themes, providing you with a clear understanding of the investment strategy.

1. Banks and higher interest rates: Banks make more money when interest rates go up because they can charge more on loans than they pay on deposits.
2. Export & commodity-linked companies: Companies that either sell or have their revenues linked to global commodities benefit more when global prices rise and USD appreciates vs. EGP.
3. Low debt and strong cash position: Companies with little debt and strong cash reserves handle high interest rates better, especially if they have a net monetary asset position in USD.
4. Ability to raise prices: Consumer companies that can increase their selling prices without losing many customers increase their profits even when costs rise.
5. Defensive sectors: Companies in essential sectors like health care, utilities, and telecoms tend to have steady income even in tough economic times.

Steps to success

1. Invest in the full portfolio: To make the most out of the portfolio and it’s diversified selection of companies and themes, invest in all 10 stocks in the portfolio. 
2. Invest regularly: Consider investing in Rumble’s 2024 Fundamental Portfolio on a monthly basis. This approach allows you to benefit from cost averaging and potentially capture opportunities during market fluctuations.
3. Stay tuned for updates: The portfolio is updated monthly and Rumble notifies their subscribers of any changes as they happen. 

You are now well on your way to making smart investment decisions and growing your wealth with confidence.

More than just a portfolio

Why subscribe to Rumble? 

• Find strong companies to buy & hold through Rumble’s Fundamental Analysis Recommendations
• Find the best entry & exit points for stocks through Rumble’s Technical Analysis Recommendations
• Access expert-curated portfolios 
• Access a library of exclusive content built with the goal of making you a smarter investor. 

First month on Rumble is free. So, check them out & see for yourself. 

Subscribe here

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Opening Price: The Big Reveal

We know the first day of trading for any stock can be a bit of a roller coaster, that’s why we’re here to help you navigate this day with ease.

Let’s dive into what you need to know about the first day of trading, price limits, and how to make smart moves.

Picture yourself at a movie theater, where the ticket price is set. In the world of IPOs, the opening price is similar, but instead of a movie, we’re talking about ACTF’s stock debut. For this IPO, the opening price is set at 2.9, not just any random number but a carefully calculated starting point.

From here, it’s up to the market to decide where the value goes, making this the official starting line for ACTF’s adventure! Think of it as an auction where buyers and sellers shout out their bids and offers until they meet at a price both can agree on

Higher Price Limits on the First Day of Trading: What Does That Mean?

Normally, stocks have price limits to keep things from getting too wild. These limits usually cap how much a stock price can move up or down in a single day, typically around 20% of the previous closing price. But on the first day of trading for ACTF , these limits are slightly increased to be 40%. This means the price can swing much more freely.

For example, the ACTF stock is priced at EGP 2.9. Under normal circumstances, the highest it could go in one day would be EGP 3.48 (20% above EGP 2.9). But with higher price limits, the price could soar to EGP 4.06 or drop to EGP 1.74 within minutes! This creates a lot of volatility, meaning prices can change rapidly and unpredictably.

Can I Buy or Sell my Shares on the First Day?

As you know we have 2 options for buying and selling, either you put in a market order or a limit order, lets recap them quickly:

Market Orders: Think of market orders as the “I’ll take it now!” option. You place an order, and it gets executed at the best available price at that moment. It’s fast and straightforward—great if you want to get in or out of a stock quickly. But here’s the catch: you might end up paying more or getting less than you expected if the market’s moving fast.

Limit Orders: Now, if you want more control,  you’ll love limit orders. With these, you set the max price you’re willing to pay to buy a stock or the minimum you’ll accept to sell. It’s like saying, “I’ll buy it, but only if it’s this price or better!” or “I’ll sell, but not for less than this!” It’s a great way to make sure you stick to your plan.

What’s New for the First Day?

To keep things smooth and stress-free, we’ve made some adjustments:

No Market Buy Orders: We’re disabling market buy orders to protect you from wild price swings. We don’t want you accidentally paying way more than you planned because of some crazy fluctuation.

Yes to Market Sell Orders: We’re enabling market sell orders so you have the freedom to sell your shares at the going rate. If you’re looking to get out, you can do it quickly.

Limit Orders Are Go!: Both buy and sell limit orders are live! Set your preferred price and relax knowing your orders will only go through at the price you’re comfortable with. It’s like having a shopping list with exact prices!

Let’s show you how to place a Limit Order on Thndr

1. You’ll go to the ACTF landing page
2. Press on sell/buy
3. Press on Limit order
4. Fill in the needed information on the price you want to sell/buy on 
5. Press “Review Order”
6. Then you can confirm your order. 

All done!

Things to keep in mind.

1. Monitor Closely:
   • Keep an Eye on the Market: With higher price limits, it’s crucial to watch the stock closely. Prices can move quickly, so stay informed and ready to make decisions based on the latest information.
2. Make Educated Decisions:
   • Stay Calm and Think Clearly: Volatility can be nerve-wracking, but it’s important to stay calm. Use the data and tools available to you, do your research, and make decisions that align with your investment strategy.

The first day of trading can be both an opportunity and a challenge. By understanding how the system works and using strategies like limit orders, you can navigate this volatile environment with confidence.

If you want to know more about Act Financial and make an informed decision, visit our friends at Rumble where you will find all sorts of information and content to help you make the right decision for you. 

Happy Investing!

If this sounds like a potential opportunity for you (it should!) we’ll guide you on all the ‘must-knows’ of this IPO. 

To start investing – you need to know the company – so,  who are Act Financial?

Act Financial is an Egyptian investment company founded in 2015, focusing on the Egyptian stock market. They follow an active investment approach – which means that they buy a stake in a company with the aim of influencing its decisions, unlike a passive investor who invests and sits back. 

Here’s what really excites us about this IPO: 

The upcoming IPO for Act Financial is an exciting opportunity several reasons:

• It’s the first IPO Since February 2022: We are eager to see if this marks a new era in the Egyptian Stock Market following the mega Ras El Hikma deal.
• It’s a different way to invest in stocks: You can be part of a company that invests in publicly listed companies and owns an influencing stake in those companies. 
• And most importantly it’s a ‘risk-free-your-money-guaranteed’ type of IPO. 

Is this investment for me?

This IPO is best suited for two types of investors: 

• I’m a newbie investor: If you’re relatively new to the investment space then this is the easiest way to start getting into the playing field, with a risk free opportunity (keep reading to know more on this). This IPO will allow you to learn more about the stock market and how to make money.
  
• Active investment-seekers: If you’re seasoned in the stock market, then you know you need to do your research. Every new IPO presents a new investment opportunity. However, similar to any investment in a company you make, it is important to understand the business model, growth potential, quality of leadership and financial health. It’s equally important to determine whether it is fairly valued, undervalued or overvalued. We list out below the main metrics we believe you should review. 

What the beginners need to know: 

First off it’s important to understand what an IPO is, and how it works – we recommend you  you go through our light read here on the Thndr learn platform to do this. 

Yes, we mean it when we say ‘risk-free’: Introducing you to the stabilization fund. 

Act Financial has a 1-month stabilization fund that covers 100% of the IPO retail offering. This means that on day 30 of the IPO, you can sell your shares for the price you bought them at. If you bought them for EGP 2.9/share for example, and their price fell to EGP 1/share, you can sell them back for EGP 2.9/share. Also, to make this even more compelling, Thndr will be waiving transaction fees if you sell in the stabilization fund (doesn’t get more risk-free than this!) 

Here’s how it works:

• Will be sending out an email to the users if the price falls below the IPO Price (2.9 EGP ) within the 30 days of the stabilization fund period with the instructions required.
• After 30 days, if the price of the stock is below the IPO price , orders placed for the stabilization fund will be executed with the initial IPO price (2.9) and the amounts will be added to your wallet,
• Note that this is only limited to users who subscribed in the IPO as any traded quantity post the trading start date will be excluded.

What to watch out for?

• Oversubscription: It is very common for IPOs to be oversubscribed, meaning that the demand from investors to buy shares in the IPO exceeds the number of shares offered in the IPO. Allocation of shares is on a pro-rata basis, meaning that the investor’s order sizes are divided by the degree of oversubscription, where you’ll know your final share count. This might reduce the size of the investment you intended to go for. In case of oversubscription, the extra money that wasn’t used to purchase shares will be refunded to your Thndr wallet. You can withdraw this money to your bank account or invest it on Thndr.

Let’s take an example: If you place an order for 20,000 shares but the IPO is oversubscribed 20 times, you will only receive 1,000 shares (1 over 20 of what you ordered, based on the oversubscription rate).

It’s important to know that this is very common during an IPO, and bound to happen to the majority of investors – setting your expectations on this will help you manage your expected returns better. 

While oversubscription is common, it’s also important to be aware of the possibility of undersubscription. If the IPO is undersubscribed, you might end up needing more money than you originally planned for.

For example: If you place an order with 4x your money, and it ends up being subscribed by only 2x, you would need to deposit fund in your wallet equivalent to the difference on the first trading day or sell your shares. This is a crucial consideration to keep in mind as you plan your investment strategy for the Act Financial IPO.

However, you also need to take watch out for undersubscription

• Understanding the risks of time: Because this IPO comes with the perk of the stabilization fund, it also comes with the risk of missing the deadline to be part of it in case the stock price falls below IPO price (like we said above, this is on day 30). So, make sure you mark your calendars! Additionally, when you enter the IPO you need to watch out & plan for your money being locked up until the subscription period is over, again in case the stock price falls below the IPO price and you decide to wait until day 30 and redeem your shares back to the subscription fund – so, you need to be wary that your money-back guarantee is not immediate, and will take 30 days to be released. In other words, everything risk-free about this IPO comes with a time restriction. 

I’ve made it till here & I’m hooked. Now, how do I start? 

Subscription in the public offering starts from 9th of July till the 23rd of July; to participate in Act Financial’s IPO, follow these simple steps: 

• Download the Thndr app and open an investment account (we’re assuming you already have though!) 
• Top up your wallet – We recommend making sure your wallet is set and ready for when subscription opens – so make sure to get this done early on! 
• Place your order! Straight from the Thndr app just search ‘ACTF’ & submit a buy order for no less than 1,000 shares & no more than 1,750,000 shares 

If you’re an active investment-seeker – dive in: 

As a more experienced investor, this is a refresh on what we recommend you need to review before taking further action in this IPO: 

1. Industry

• Outlook
• Growth
• Barriers to Entry 

2. Company

• Historical Performance
• Management Quality
• Company Plans & Products
• Competitive Landscape

3. Valuation

• Discounted Cash Flows
• Multiples

If you’re not on Rumble, make sure to subscribe where you can find information on all the key factors mentioned above & a recent exclusive interview with Mostafa Abdelaziz and Karim Neema, Co-founders and Managing Partners at Act Financial. 

For more in depth details we also have the IPO prospectus – which you can review here, and the company’s IPO teaser which you can view here.

If you’re interested in participating in the private offering, please fill in this form  to complete the offline process 

The minimum subscription is 1,750,000 shares and it’s important to note that there is no stabilization fund. Once the form is filled, we’ll reach out with more details and exact process. Please note that the deadline for the private offering is earlier, and ends on July 18th. 

If you have any questions for us regarding the IPO, we will be conducting a Live Q&A Webinar soon, please put your questions in this link here and we will be answering them.

Let’s get into everything you need to know about AZN!

What is AZN and how does it work?

AZN is a low-risk, Sharia compliant, savings fund designed to provide returns through strategic investments in short-term fixed income instruments. It aims to generate higher returns compared to conventional bank deposits and savings accounts, all while adhering strictly to Sharia principles.

Who manages the AZN fund?

AZN is managed by Azimut Egypt which is one of the largest asset management companies in Egypt with over two decades of experience and assets under management exceeding EGP 17 Billion, AZN benefits from unparalleled expertise in asset management. 

Azimut Egypt, the local investment arm of Azimut Group, operates globally across 18 countries and manages approximately USD 70 billion across various asset classes.

The fund operates under the guidance of a distinguished Sharia board comprising esteemed scholars such as Dr. Shawki Ibrahim AbdelKarim Allam, the current Grand Mufti of Egypt, along with Dr. Osama Mohamed Hassan Al-Abd and Dr. Othman Ahmed Othman Ahmed.

 They all ensure that all investment activities align impeccably with Islamic Sharia principles.

What does AZN invest in?

AZN strategically allocates its assets into fixed income instruments within predefined limits. 

These allocations are meticulously managed to optimize returns while mitigating risk.

You can read more about the fund’s investment guidelines and limits in the fund prospectus here.

Why Invest in AZN?

• Sharia-Compliant: AZN stands out as a sharia-compliant equity fund on Thndr, providing an effortless way to invest in compliant stocks.

• Expert Management: Backed by Azimut Egypt, AZN benefits from professional expertise and a track record of managing billions of dollars globally 

• Low Risk: AZN offers investors a low-risk investment. By focusing on short-term fixed income instruments, the fund aims to mitigate market volatility and minimize exposure to fluctuations in the stock market.

What are the risk factors for Investing in AZN?

While AZN offers a low-risk investment avenue, it’s essential to consider potential risk factors such as:

• interest rate risk
• credit risk
• liquidity risk

The fund manager diligently manages these risks through diversified investments.

When can I buy and sell AZN?

AZN is considered a liquid investment that offers daily subscription and redemption. 

• Subscription: You can start buying AZN certificates daily at 11:00 AM at a minimum amount of 2 certificates

• Redemptions: There is no minimum amount and the process occurs daily at 11:00 AM. 

Buy and sell orders placed before 11:00 AM are executed on the same day, while those after 11:00 AM are processed on the next working day at the new day’s certificate price.

How can I invest in AZN?

To initiate your order:

1. Open Thndr 
2. Search for AZN or find it under the mutual funds theme in the Explore tab.
3. Tap on AZN.
4. Select Buy and set the desired amount of certificates or investment.
5. Minimum buy order consists of 2 certificates.

What are the fees for investing in AZN?

AZN imposes no fund fees. However, a nominal service fee of EGP 2 plus 0.1% is applicable on every buy and sell order.

Ready to invest in AZN on Thndr?

AZN awaits your investment, providing a secure, Sharia-compliant avenue for growing your savings. Begin your investment journey today on Thndr, where simplicity meets opportunity.

Curious about other Sharia-compliant investment options? Discover more about Misr Takaful Fund, NMF, and AZG Fund on Thndr!

If you have any further questions about AZN, you can always contact our support team!