EGPT Profile
The
VanEck Egypt Index ETF (EGPT) is an exchange-traded fund that seeks to
track the performance of the MVIS Egypt Index, which is comprised of
publicly traded companies that are domiciled and primarily listed in
Egypt, or that generate at least 50% of their revenues in Egypt.
The fund was launched on February 16, 2010, and is designed to
provide investors with exposure to Egypt's rapidly developing economy.
As of March 23, 2023, the fund had a total net asset value of
approximately $69.8 million and held 27 securities in its portfolio.
The top sectors represented in the fund are financials, materials,
and real estate, while the top individual holdings include Commercial
International Bank, Talaat Moustafa Group, and Global Telecom Holding.
EGPT is one of the few ETFs that offer direct exposure to Egypt,
making it a useful tool for investors looking to diversify their
portfolios and gain exposure to a country with a large and growing
population, strategic location, and improving economic indicators.
However, investors should be aware of the potential risks associated
with investing in emerging market securities, including political
instability, currency risk, and liqu
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