NI Capital Launches “Sahmy 70” – The First Investment Fund in Egypt to Track the EGX70 Index
NI Capital, the investment arm of the National Investment Bank, announced the launch of a new issuance of its existing fund “Sahmy” under the name “Sahmy 70.” This marks the first issuance in the Egyptian market aimed at replicating the performance of the EGX70 Index.
The index includes 70 of the most liquid and active companies listed on the Egyptian Exchange, making it a key indicator of activity within this vital segment of the economy. Subscription to the new issuance “Sahmy 70” will be open starting Tuesday, May 27, 2025.
“Sahmy 70” offers high liquidity through daily subscription and redemption, a unique feature among specialized investment funds. This allows investors to manage their investment positions efficiently and with flexibility, enhancing the fund’s appeal to those seeking instruments that offer both attractive returns and high liquidity.
The EGX70 Index has delivered a strong performance over the past years, achieving a cumulative return of 649% over the last ten years, compared to 233% for the EGX30 Index. In 2024 alone, the index rose by 49% compared to only 19% for the EGX30, reflecting the growing role of the mid- and small-cap segment in the Egyptian economy.
The launch of “Sahmy 70” adds further value to NI Capital’s diverse range of investment funds, which includes NI Capital Daily Yield Money Market Fund – “Siula”, NI Capital Fixed Income Securities Fund – “15/30”, GIG Misr Hayat Takaful Cash Fund with cumulative return and Sharia-compliant structure – “Makaseb”, NI Capital Egyptian Equity Fund with periodic cumulative return – “Sahmy”, and the National Charitable Investment Fund for Education – “Education for Life”.
This variety reflects the company’s commitment to offering integrated investment solutions that cater to different investor segments and align with their financial goals.
In this context, Mr. Mohamed Metwally, CEO and Managing Director of NI Capital, stated: “We are pleased to launch ‘Sahmy 70’ as the first fund in the Egyptian market that mirrors the performance of the EGX70 index, which tracks medium-sized companies listed on the stock exchange.
This issuance reflects our belief in the importance of offering innovative financial tools that meet investors’ needs and provide them with the opportunity to invest in the mid-cap segment; a sector that has historically delivered higher average returns than large-cap companies, and one in which we continue to see significant growth potential.”
Mr. Mohamed El-Nabarawy, Head and Managing director of the Asset Management Sector at NI Capital, said: “The launch of ‘Sahmy 70’ marks a new step in NI Capital’s innovation journey. It is a unique product that opens new horizons for both individual and institutional investors, giving them access to an asset class that was previously difficult to reach.
The fund also offers investment tools that enhance portfolio diversification, as the target index (EGX70) is based on an Equal Weight Index system, giving each company within it the same weight, which concentration risk”
It is worth noting that the launch of “Sahmy 70” builds on the series of successes NI Capital has achieved in the field of asset management. The original “Sahmy” fund has demonstrated strong performance since its launch in December 2022, achieving a cumulative return exceeding 126% through April 2025, reflecting the efficiency of the company’s investment management and which reduces concentration risk and executing effective investment strategies that meet the aspirations of a wide range of investors.
