Arab Finance: Net assets of Egypt’s investment funds increased by 14.7% quarter-on-quarter (QoQ) in the second quarter (Q2) of 2026, reaching EGP 470.97 billion, up from EGP 410.69 billion at the end of March, according to the Financial Regulatory Authority's (FRA) Q2 2026 report on investment funds performance.
The quarterly increase was mainly driven by funds denominated in EGP, whose net assets rose to EGP 444.56 billion from EGP 385.31 billion.
Meanwhile, net assets of funds denominated in foreign currencies, including US dollars and euros, reached the equivalent of EGP 26.41 billion at the end of June, up from EGP 25.38 billion three months earlier. The FRA calculated the equivalent values using exchange rates published by the Central Bank of Egypt (CBE) at the close of trading on June 25th, 2026.
Money market funds accounted for the largest share of the industry’s net assets at the end of the quarter, reaching EGP 296.90 billion, or 63.04% of the total. Their assets increased from EGP 272.08 billion at the end of March.
Mixed money market and fixed-income funds ranked second with EGP 33.63 billion in net assets, followed by equity funds with EGP 32.24 billion. Islamic equity funds recorded EGP 17.96 billion, while USD-denominated fixed-income funds held EGP 17.79 billion.
The number of investment funds, including their different issuances, increased to 224 at the end of June from 209 three months earlier. Money market funds represented 24.55% of the total number, followed by equity funds at 17.41%.
The number of outstanding investment fund certificates rose by 12.62 billion to approximately 44.04 billion at the end of June, compared with 31.42 billion at the end of March.
Individuals held about 32.90 billion certificates, representing 74.7% of the total, while legal entities owned 10.72 billion, or 24.3%. A further 419.5 million certificates, equivalent to 1%, were retained by founding entities for the accounts of the funds.
By performance, sector-focused funds recorded the highest average return during Q2 at 18.82%, followed by thematic funds at 18.78%, index funds at 18.35%, and equity funds at 17.45%. Precious metals funds recorded the weakest performance, posting an average loss of 20.28% during the quarter.
