Gold funds make it possible to invest in the precious metal through the purchase of fund documents, which saves the cost of acquiring the metal itself, in addition to the possibility of buying in small quantities.
Ahmed Abu Al-Saad, Managing Director of Azimut Egypt, said that the subscription prospectus for the new investment fund documents will be available within hours, and the investment document will start from 10 pounds, and the reimbursement is available in cash and in kind.
Abu Al-Saad added that the creation of a gold investment fund represents the first tranche of a number of precious metals investment funds that will be created with the aim of obtaining suitable returns. consistent with the investment policy of the various segments of the company.
Abu Al-Saad spoke about the advantages offered by the Gold Investment Fund, including the possibility of starting to invest in small amounts without a maximum limit, in addition to ensuring the trading of certified and guaranteed gold while saving part of the cost of obtaining gold, such as the cost of labor obtained by traders, in addition to providing custodial services. Locations approved and registered in the records of the General Financial Supervisory Authority, which safeguards investors’ gold assets against theft or damage.
The Egyptian Stock Exchange announced today the start of the publication of spot gold prices on its website, in cooperation with the company “Evolve Holding”.
Rami El Dokani, president of the Egyptian Stock Exchange, said that the creation of investment funds in precious metals, especially gold, will help control the market and increase its transparency. The precious metal without it be necessary to buy gold in the markets and hold it, and also without paying additional costs such as “labour” and the like, which helps to reduce risk and maximize returns at long term.
Read the Latest World News Today on The Eastern Herald.
