Egypt ETF Gets no Favors From Central Bank
July 17, 2014 at 15:39 PM EDT
In an attempt to head off a spike in energy prices and rising consumer prices, Egypt’s central bank unexpectedly hiked interest rates, putting pressure on growth and the country-related exchange traded fund. The Market Vectors Egypt Index ETF (NYSEArca: EGPT) dipped 0.2% Thursday. EGPT has...