"Ministers information": The launch of investment funds in gold aims to provide a safe investment environment
The Information and Decision Support Center in the Council of Ministers showed that the state was keen to build an advanced non -banking financial sector, enhance financial inclusion and expand the scope of investment tools in Egypt, and these efforts include the launch of investment funds in gold, which aims to provide a safe investment environment, and provide various savings opportunities that meet the needs of various groups of society by enabling investors to buy documents used to invest in gold through banks and companies The license.
& nbsp; As a safe haven, and by offering investment funds in gold on the Egyptian Stock Exchange in 2023, pointing to the state taking steps to integrate gold into official financial tools, with a legal and organizational framework that guarantees the protection of investors, and creates an attractive environment for investment in precious metals. New and varied investment channels for investors. To ensure the safety and efficiency of the work of these funds and the protection of the rights of investors, it was necessary for the Egyptian state to develop a tight legal and regulatory framework that regulates its work mechanisms, and defines the responsibilities of the parties concerned. Therefore. It stands out as a major platform through which the units of these funds are traded. This framework also includes eligible bodies to store gold for the purposes of investment funds in gold, and the work of these various institutions is integrated to create an organized and reliable investment environment for gold funds in the Egyptian market. To search for effective hedge tools, the offering of gold funds is also in line with the state’s vision to deepen financial inclusion and enhance confidence in the official financial sector by providing investment products that are easy to reach and the ability to attract different segments of citizens, especially small investors, expecting that these funds will contribute to achieving a better balance between supply and demand for gold in the local market and providing more accurate data for price movement in a way that supports the government’s efforts in regulating the market and reducing practices Unofficial. & quot; Gold & quot;: which was launched in June 2024 by Al -Ahly Financial Investment Management Company). 2024 compared to 836 million pounds in January 2024, which reflects the increasing investor confidence in this financial instrument. Investors. The scene with net assets of about 74% of the total, as its assets exceeded 970 million pounds in December 2024 compared to 727 million pounds in May 2024, recorded a remarkable growth in the base of its customers from 114 thousand in May 2024 to 165 thousand in December 2024. This expansion shows an increasing demand from investors on gold as a tool for hedging and diversifying the portfolio Investment. 31.4 million pounds in July 2024 to 39.7 million pounds in December. And the Egyptian is both, it provides investors an easy and effective opportunity to take advantage of the movements of gold prices and help diversify the investment portfolios and hedge against economic risks, and gold funds have witnessed a remarkable growth in recent years, driven by increasing demand for safe havens in light of global economic fluctuations. With the risks associated with them, in general it can be said that gold boxes play an increasingly important role in the investment scene, and the GB Morgan Bank expects that there will be a great room for increasing investment in gold, especially since its percentage does not exceed 2% of the total financial assets of investors, and that the quantities of gold kept in the funds circulating to invest in gold are still about 6% less than what they were in 2020, in addition to the environment, in addition to the environment, in addition to the environment, in addition to the environment, in addition to the environment, in addition to the environment, in addition to the environment, in addition to the environment. The expected positive economy for the year 2025, which highlights the course of reducing interest rates by the Federal Reserve, is likely to witness additional flows in 2025 to the gold -traded indicators.
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