Beltone Eyes to Launch Egypt’s First ETFs Early Q4

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Egypt’s financial investment firm Beltone Financial Holding plans to launch its first exchange-traded fund (ETF) in the local market by early fourth quarter of this year, managing director Maged Shawky announced.

Shawky asserted that Beltone is still organising its promotional tours for its fund ahead of the launch.

The market regulator – the Egyptian Financial Supervisory Authority (EFSA) has recently endorsed Beltone’s prospectus for the first ETFs on the Egyptian Exchange (EGX).