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Egypt's mutual fund assets pass EGP 500 billion as certificates rise
Net assets grew 7.16 per cent in the third quarter, while certificates in issue rose 19.21 per cent and retail investors hold 79.8 per cent of them.
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Net assets of Egypt's mutual funds reached EGP 504.71 billion at the end of September 2026, up from EGP 470.97 billion at the end of June, the Financial Regulatory Authority (FRA) said in its third-quarter fund report, published on 25 October.
The rise of EGP 33.74 billion is a quarterly growth rate of about 7.16 per cent, the FRA says. Total assets managed by the funds rose to about EGP 512.84 billion from EGP 478.10 billion, and the number of registered funds to 232 from 224.
| Measure | End of June 2026 | End of September 2026 | Change |
|---|---|---|---|
| Net assets of mutual funds, EGP billion | 470.97 | 504.71 | 7.16 per cent |
| Total assets managed by funds, EGP billion | 478.10 | 512.84 | 7.27 per cent |
| Fund certificates issued, billion | 44.04 | 52.50 | 19.21 per cent |
| Registered funds | 224 | 232 | 8 more |
Source: FRA, third-quarter 2026 investment fund report release, 25 October 2026. Changes as the FRA states them; the fund count change is Counting House's subtraction.
Of the net assets, EGP 470.10 billion were in local currency and the equivalent of EGP 34.60 billion in foreign currency. The two add up to EGP 504.70 billion, EGP 0.01 billion short of the total, which is consistent with rounding.
Certificates in issue grew faster than assets, by 19.21 per cent to 52.50 billion. Retail investors held 41.90 billion of them, or 79.8 per cent, corporate and legal entities 10.16 billion (19.4 per cent) and founding institutions 441.7 million earmarked certificates (0.8 per cent). The three holdings add up to the 52.50 billion total. The headline of the release rounds the retail share to about 80 per cent.
Average returns in the quarter ranged from 15.24 per cent for private equity funds and 13.03 per cent for index funds to 5.55 per cent for broader equity funds, the release says. Single-sector funds returned 12.23 per cent, precious metals funds 8.23 per cent, Islamic equity funds 8.00 per cent, transferable securities funds 6.76 per cent and thematic funds 5.68 per cent. The release does not say whether these are annualised.
Other regulated savings also hold fund certificates. In its 2025 report on private insurance funds, published on 20 October, the FRA said those funds held EGP 11.49 billion of fixed-income fund certificates at the end of 2025, out of total investments of EGP 210.9 billion.
New fund entities keep arriving. On 5 October the FRA approved the incorporation of two Taj Misr real estate investment fund companies and licensed the Al-Ahli Group Green Agriculture Investment Fund, among the 12 companies and entities it approved that day.
Earlier coverage: the central bank's rate decision and the FRA's October licences for custodians and fund managers.