Thndr Allows Users to Invest in the top 30 Egyptian companies in one go
Thndr Securities, Egypt’s most popular investment platform, allows investment in Misr Equity, a CI Assets Management investment fund with a cumulative return, and has allowed this to be accessible to its users. The first fund of its kind to achieve a return equivalent to that of the EGX30 Capped Index is referred to as MISR Equity C130 on the application.
Thndr platform allows its users seeking investment in Misr Equity fund to purchase and sell its securities, recording the latest price of EGP 10.02, with no minimum or maximum limit. This falls in line with Thndr's objective to diversify its investment products offered on the platform, which will enable its users to expand their money market investments and acquire benefits that cannot be attained on their own. Additionally, it offers both beginner and experienced investors equal opportunity to put their money in a specialized institution that is licensed by the Financial Regulatory Authority.
CI Capital, the biggest asset management company in Egypt with managed assets amounting to EGP 39 billion by the end of 2021, launched Misr Equity Investment Fund to achieve a return echoing the EGX30 Capped Index. The Fund invests 90% of its money in a portfolio of stocks, aiming to a close representation of the index.
New and diversified investment products
“We are proud to add new and diversified investment products that cater to all segments of Egyptian society. Misr Equity Fund (CI30) confirms our pursuit of achieving this goal. The fund represents an opportunity as an investment tool for those interested in achieving wealth through long-term investments. A study conducted by the Egyptian Stock Exchange in 2018 proved that investing in the 30 biggest listed companies achieves the highest returns compared to investing in other saving vessels,” said Mr. Ahmad Hammouda, CEO and founding partner of Thndr Securities Brokerage Company. “An investment of EGP 1,000 per month in the main index of the stock exchange for a period of 20 years achieves a return of EGP 2.92 million, compared to EGP 288 thousand in the case of saving without investing.”
Thndr’s platform encourages people to invest their money to achieve an additional return that helps them in achieving their aspirations. The platform currently allows investors to buy shares in the Egyptian exchanges, as well as trade the securities of four funds including Azimut Fixed Income Fund, Misr Takaful Fund, Azimut Opportunity Fund (AZ Opportunities), and Misr Equity Fund (CI30). As a result, the platform’s users increased to 800,000, and most recently in November, the largest number of transactions carried out in Egypt was through Thndr, with a total of 213,000 trades.
Democratizing investment in Egypt
Thndr is an Egyptian digital investment platform simplifying and democratizing investment in Egypt. The application incubates over 800,000 users in Egypt. The digital, multi-language app, educates and empowers investors to make their own investment decisions and take a stake in their own economies, through the purchase of mutual funds & Egyptian stocks. Launched in late 2020 by Ahmad Hammouda and Seif Amr, Thndr secured the first brokerage license issued in Egypt since 2008, and it has raised a total of $22 million in funding to date.
