NI Capital, the investment arm of the National Investment Bank, has officially announced the launch of its new issuance, “Sahmy 70,” as part
of its existing investment fund range. This groundbreaking initiative marks the first issuance in the Egyptian market designed to replicate the performance
of the EGX70 Index. The EGX70 Index comprises 70 of the most active and liquid companies listed on the Egyptian Exchange, making it a key indicator
for the performance of mid- and small-cap stocks, which have become a vital component of the Egyptian economy. The subscription for “Sahmy 70” will begin
on Tuesday, May 27, 2025.
What is “Sahmy 70”
“Sahmy 70” offers a unique opportunity for investors to gain exposure to the mid-cap sector of the Egyptian market with enhanced flexibility.
The fund features high liquidity, with daily subscription and redemption options, a rare and attractive feature among specialized investment funds.
This flexibility makes it particularly appealing for investors who seek both strong returns and the ability to easily manage their investment positions.
The Performance of EGX70: A Strong Track Record
The EGX70 Index has delivered exceptional results over the years. Over the past decade, it achieved a cumulative return of 649%, far surpassing
the 233% return of the EGX30 Index. In 2024 alone, the EGX70 Index surged by 49%, compared to just 19% for the EGX30, further emphasizing
the growing significance of mid- and small-cap companies in Egypt’s economic landscape.
A Diverse Range of Investment Funds
The launch of “Sahmy 70” enhances NI Capital’s portfolio of investment funds, which already includes a wide range of specialized products
to cater to various investor needs. These include
NI Capital Daily Yield Money Market Fund – “Siula”
NI Capital Fixed Income Securities Fund – “15/30”
GIG Misr Hayat Takaful Cash Fund – “Makaseb” (a Sharia-compliant fund with cumulative returns)
NI Capital Egyptian Equity Fund – “Sahmy” (with periodic cumulative returns)
National Charitable Investment Fund for Education – “Education for Life”
These offerings underscore NI Capital’s commitment to providing diversified investment solutions that align with the financial goals of different investor segments.
Statements from Key NI Capital Executives
Mr. Mohamed Metwally, CEO and Managing Director of NI Capital, shared his enthusiasm for the launch of “Sahmy 70,” noting:
“We are excited to introduce ‘Sahmy 70’ as the first fund in the Egyptian market to replicate the performance of the EGX70 Index, which focuses on medium-sized companies listed on the stock exchange. This launch is a testament to our commitment to offering innovative financial tools that meet investor needs, while providing access to a sector that has historically outperformed large-cap companies in terms of average returns. We continue to see substantial growth potential in this sector.”
Mr. Mohamed El-Nabarawy, Head of Asset Management at NI Capital, added:
“‘Sahmy 70’ represents a significant milestone in NI Capital’s innovation strategy. This unique product opens new doors for both individual and institutional investors, allowing them access to a previously hard-to-reach asset class. Furthermore, the fund’s investment strategy promotes portfolio diversification, as the target index (EGX70) is based on an Equal Weight Index system, ensuring each company in the index has an equal representation, reducing concentration risk.”
Building on Success: The Strong Track Record of “Sahmy”
The launch of “Sahmy 70” is built on the solid foundation of NI Capital’s success in asset management. The original “Sahmy” fund, launched in December 2022, has demonstrated exceptional performance, delivering a cumulative return of over 126% as of April 2025. This success reflects NI Capital’s efficient investment strategies, which focus on reducing concentration risk and executing effective management practices that align with the aspirations of a broad range of investors.
