Beltone Asset Management announced that it has obtained initial approval from the Financial Regulatory Authority (FRA) to launch “Fadda,” the Beltone Evolve Silver Fund with daily compounded returns. The fund will be the first investment fund dedicated to silver in Egypt, marking the introduction of a new asset class for investors, Invest-Gate reports.

Silver as a New Diversification Option

The fund offers both individual and institutional investors access to silver at competitive pricing through a professionally managed investment structure. This enhances portfolio diversification and provides an effective hedge against market volatility, particularly over the medium to long term.

The launch of “Fadda” reflects Beltone’s commitment to innovation and the development of advanced financial instruments that expand investment opportunities and meet evolving investor needs, supporting the growth and efficiency of Egypt’s financial market.

Subscription Opens After Eid Al-Fitr

Subscription to the fund is expected to open following the Eid Al-Fitr holiday, with further details on execution and investment mechanisms to be announced in due course. Terms and conditions apply.

Investors can subscribe through Beltone Securities Brokerage.