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Insurance Funds Remain

Insurance Funds Remain

Former Finance Minister Youssef Boutros-Ghali affirmed that the social insurance funds still exist and have not been lost, and that some remain invested in the stock market without incurring losses. He said this was based on assurances from ministers and officials at the Social Insurance Authority. He added that, over 20 years, the investments generated returns exceeding 20% for some funds and 15% for others, while the usual global upper limit for investing insurance funds in equities is between 5% and 10%, to protect the portfolio.

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