الهيئة العامة للرقابة المالية

• Investment fund certificates hit 52.5 Billion as retail investors hold 80% Share.
• Private equity funds led performance with an average yield of 15.24%, followed by index funds at 13.03%.

Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, has issued Q3 2026 Investment Fund Report, tracking non-banking financial market developments through the end of September 2026.

The report highlights sustained expansion in total assets under management—crossing half trillion EGP—alongside a steady broadening of the investor base. Total fund certificates rose by more than 19% compared to the second quarter of the year, underscoring the growing role of investment funds as a key vehicle in the Egyptian capital market.

According to the report, the total number of registered funds across various asset classes expanded to 232 funds by the end of September 2026, up from 224 funds at the end of Q2.

The report details significant growth in key industry indicators and highlights expanding range of available investment options. The total number of funds rose to 232 by the end of September 2026, up from 224 funds at the end of the second quarter.

He highlighted that the market now offers an unprecedented variety of investment tools and products—ranging from equity and money market funds to precious metals, private equity, index and real estate funds. This wide array provides investors across all segments with innovative savings and investment channels tailored to their goals, while offering effective mechanisms to diversify risk and generate sustainable returns, ultimately supporting national economic stability and boosting financial and investment inclusion across Egypt.

According to the report, net assets under management in mutual funds reached EGP 504.71 billion by the end of September 2026, up from EGP 470.97 billion at the end of June. This marks an increase of EGP 33.74 billion, representing a growth rate of approximately 7.16% during the third quarter.

Local currency-denominated assets totaled EGP 470.10 billion, while foreign currency holdings reached the equivalent of EGP 34.60 billion, reflecting ongoing portfolio diversification across currency classes.

Total assets managed by funds rose to approximately EGP 512.84 billion by the end of September, compared to EGP 478.10 billion at the end of Q2, recording a quarterly growth rate of 7.27%.

In addition, the volume of issued fund certificates continued its upward trajectory, reaching 52.50 billion certificates by late September, up from 44.04 billion at the end of June—a surge of 19.21% over the three-month period.

 Retail participants secured the biggest share of market ownership with 41.90 billion certificates, representing 79.8% of total holdings. Corporate and legal entities accounted for 10.16 billion certificates (19.4%), while founding institutions retained 441.7 million earmarked certificates, or 0.8% of total issuance.

Regarding investment performance during the third quarter of 2026, private equity funds outperformed all other categories with a top-tier average return of 15.24%. Index funds followed closely with a 13.03% average return, while single-sector funds delivered 12.23%. Precious metals funds and Islamic equity funds also posted solid gains, yielding average returns of 8.23% and 8.00% respectively. Rounding out the quarterly results, transferable securities funds returned 6.76%, thematic funds focusing on IT, fintech, and innovation ecosystems averaged 5.68%, and broader equity funds closed the quarter at 5.55%.

These positive indicators reflect expanding investor confidence and a steady rollout of regulated financial products across Egypt. Through its ongoing efforts to deepen non-banking financial markets, FRA continues to broaden investment vehicles tailored to diverse investor profiles, further bolstering the overall attraction and competitiveness of the Egyptian capital market.