February 2, 2011

Investors Pour into Egyptian ETF

An interesting investment story about Egypt is developing, as chronicled here on SeekingAlpha and here on Investment News Daily. The article describes the Market Vectors Egypt ETF (EGPT), which last week held around $11.7MN in assets. The Fund continued to accept assets on Friday, although Egyptian markets were closed and it's value was dropping precipitously (see prior post here), and found itself on Monday with about $12MN in cash.

No comments:

Post a Comment