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By Ehab Farouk
CAIRO, Aug 23 (Reuters) - Beltone Financial
The EGX 30 ETF fund
"We saw large flows into the fund after the liberalization of the exchange rate," Beltone's asset management director, Kareem Naema, told Reuters.
The fund, which tracks Egypt's blue-chip stock index
"We've been working over the past three months on listing the index fund on the Nasdaq Dubai. It's going to be a good step for Egypt and to attracting investments to the Egyptian financial market," Naema said.
Beltone hopes to increase liquidity in the fund and attract Gulf investors through the listing.
It plans to hold investor events in the Gulf, Europe and the United States in September and October in its bid to quadruple the fund's value over the next 12 months, Naema said.
He said that Beltone, which manages assets valued at about 30 billion Egyptian pounds, is now finalising the technical steps of the Dubai listing.
($1 = 17.7100 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Arwa Gaballa and Eric Knecht; Editing by Edmund Blair and Susan Fenton) ((arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))