AXA Egypt launches first gold investment fund

AXA Egypt Insurance has announced the launch of its first gold investment fund, becoming the first insurance company in Egypt to offer such a product. The move reflects the company’s commitment to providing innovative financial solutions that merge insurance with investment opportunities.

This initiative is in line with AXA Egypt’s broader strategy to deliver integrated offerings that cater to a diverse client base seeking secure, return-driven investment tools. The new gold fund offers a convenient and secure alternative to physically purchasing and storing gold, eliminating associated manufacturing fees and storage concerns.

The fund ensures physical gold is securely stored and insured in partnership with the Central Bank of Egypt (CBE). It also provides investors with flexibility, allowing subscriptions and redemptions at any time. Pricing is fully transparent, based on local gold rates that mirror global prices, giving investors easy access to the performance of the precious metal.

Omar Shelbaya, CEO of AXA Egypt, said the fund responds to growing demand for flexible and integrated financial solutions in the local market.

“We are proud to be the first insurance company in Egypt to launch a gold investment fund—an achievement that underscores our commitment to addressing the evolving needs of Egyptian consumers. This offering provides clients with exceptional investment opportunities, whether they are seeking stable returns or long-term growth, all within a framework of high security and transparency,” he said.