Beltone Financial selected for Global Investor Group’s Best Asset Manager in Egypt 2018 award Company manages seven funds, out of which 6 listed as best performing funds in the last 12 months.
Beltone Financial has been awarded the Best Asset Manager in Egypt for 2018 by Global Investor Group, a subsidiary of Euromoney, based on the evaluation prepared by a group of senior industry arbitrators and experts.
Beltone is one of Egypt’s leading asset management firms and the country’s largest asset manager in terms of assets under management with around EGP 32bn. The company was the first to introduce various products to the Egyptian market, including Money Market Funds, and Indexed Funds.
“The award recognizes the company’s outstanding performance and its ability to offer a range of asset management products in the Egyptian pound and the US dollar, including investment in local and regional equities, cash and fixed income funds and portfolios,” said Beltone’s Asset Management Director Karim Naema.
In 2004, Beltone collaborated with Banque Misr to launch Egypt’s first Money Market Fund, which catalyzed the Egyptian liquidity market growth and paved the way for the launch of 27 investment funds in Egypt. Beltone manages seven funds, out of which six are listed as the best performing funds in the last 12 months.
Moreover, Beltone Financial was the first to introduce the idea of fixed income investment portfolios with assets under management of more than EGP 5.2bn ($298m). Since June 2017, Beltone has focused on increasing its locally and globally managed assets, leading to an increase in its managed assets from EGP 23.1bn ($1.3bn) to EGP 31.6bn ($1.8bn), marking an annual growth of 37%.