Egyptian Market Reopens – EGPT NAV Plunges

After many delays, the Egyptian Stock Exchange reopened yesterday.  A 10% drop within minutes of the opening triggered circuit breakers and suspended trading for the day. During the nearly two-month closure, many investors mistakenly assumed the Market Vectors Egypt ETF (EGPT) was a good proxy for the Egyptian stock market.  I pointed out what . . . → Read More: Egyptian Market Reopens – EGPT NAV Plunges