Beltone Financial to invest in technical analysis traded equity fund

25 August 2010

Egyptian investment bank, Beltone Financial plans to invest EGP5m ($880,000) into a new open-ended equity fund that will make investments relying only on technical analysis, Bloomberg has reported. Beltone will issue shares in the fund, which will have a total initial investment of EGP10m, on August 29 through government-owned Banque Misr.

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