EGPT: Egypt Now Available to ETF Investors
February 21, 2010 at 12:32 PM EST
Market Vectors Egypt Index ETF (EGPT), the first single-country fund offering US investors exposure to Egypt, was launched yesterday (February 18, 2010). The underlying index includes publicly traded companies domiciled and primarily listed on an Egyptian exchange or that generate at least 50% of their revenues in Egypt. Van Eck Global, the company behind the Market Vectors brand, was recently named the “ Most Innovative ETF Provider of 2009 ” and continues to do more of the same in 2010. EGPT is the first product to provide US investors with convenient access to the third-largest economy in Africa. Egypt’s real…