VanEck Vectors Egypt Index ETF (EGPT) - NYSEARCA
  • Jul. 3, 2013, 11:03 AM

    Telling the military not to take sides, Egyptian President Morsi pushes back against an army ultimatum and says he will not step down, reports the AP. WTI crude (USO +2.5%) rises to a session-high $102.10 per barrel. EGPT +1%.

    | Jul. 3, 2013, 11:03 AM | 1 Comment
  • Jul. 3, 2013, 7:29 AM

    The Egyptian military will make a statement at 10:30 AM ET amid reports it is prepping a coup if the government and opposition leaders can't cool the unrest. Egyptian stocks (EGPT) are off marginally today after major gains yesterday.

    | Jul. 3, 2013, 7:29 AM
  • Jul. 2, 2013, 10:40 PM
    WTI crude oil (USOgains another 2.2% in overnight trade, now fetching $101.80 per barrel, the highest level in about 15 months amid political turmoil in Egypt. The situation may be bad enough to threaten the region's oil supplies, but the Egyptian stock market rose 4.9% today suggesting some measure of hope. The Egypt Index ETF (EGPT) gained 5.8% in New York trade. S&P 500 futures -0.2%.
    | Jul. 2, 2013, 10:40 PM | 7 Comments
  • Jun. 24, 2013, 11:27 AM

    Market Vectors sets reverse splits on 7 ETFs, effective next month. As the share prices on these funds decline, the company is worried bid-ask spreads - on a percentage basis - will get too wide. Splitting 1-for-3: GEX, RSXJ, NLR. Splitting 1-for-4: EGPT, SCIF, GDXJ, REMX.

    | Jun. 24, 2013, 11:27 AM
  • Jun. 13, 2013, 3:09 PM

    Where MSCI sees a reclassification risk (previous), some foreign investors see a tremendous opportunity. Non-Arab market participants are net buyers of Egyptian equities (EGPT +3%) in June to the tune of ~$34M. With the EGX 30 Index officially in bear market territory as of Wednesday on fears of an FX crisis and political upheaval, risk takers "can make a huge return," one analyst tells Bloomberg.

    | Jun. 13, 2013, 3:09 PM
  • Jun. 12, 2013, 9:32 AM
    MSCI warns it may reclassify Egypt (i.e. strip it of its emerging market status) should the country's foreign currency crisis deepen. Stocks (EGPT -4%) fall 5.17% in Cairo.
    | Jun. 12, 2013, 9:32 AM
  • Apr. 22, 2013, 3:10 PM
    Egypt is "firmly committed to addressing its economic and financial challenges," the IMF says, in a joint statement with Egyptian Finance Minister Al-Mursi al-Sayed Hejazy. It now appears a deal between Egypt and the IMF for $4.8B in aid could be finalized within the next month. An agreement would help the country combat an economic crisis characterized by a shortage of foreign currency and fuel and a flagging Egyptian pound (I, II, III).
    | Apr. 22, 2013, 3:10 PM | 2 Comments
  • Apr. 12, 2013, 2:20 PM

    Egyptian stocks (EGPT -0.6%) rebound from five-month lows hit earlier this month as both Qatar and Libya agree to extend a combined $5B in loans. An IMF mission to Egypt to iron out the details of a $4.8B aid package is receiving broad-based political support as Egypt's opposition parties seem willing to put "the supreme interest of the country [over] narrow party interests." The country is struggling to cope with a foreign currency shortage that is pressuring fuel imports. At 5,231, the EGX 30 Index is 59 points from resistance. 

    | Apr. 12, 2013, 2:20 PM
  • Apr. 3, 2013, 1:57 PM
    Today marks Global X's launch of the first ever single country ETF covering Nigeria (NGE). Existing Frontier market funds like FM and FRN currently allocate just a small portion of their holdings to Nigeria. NGE comes with an expense ratio of 0.68% vs. PMNA's 0.95%, EGPT's 0.94%, FM's 0.79% and FRN's 0.65%.
    | Apr. 3, 2013, 1:57 PM
  • Apr. 3, 2013, 10:05 AM

    Egyptian stocks (EGPT -0.5%) touched 5-month lows Wednesday as dwindling foreign exchange reserves have caused the dollar to shoot higher against the Egyptian pound on the black market. The benchmark EGX 30 index dipped 2.2% and closed below the psychologically important 5,000 level. (Previously: Egypt, IMF discuss loan)

    | Apr. 3, 2013, 10:05 AM
  • Mar. 31, 2013, 11:08 AM
    An IMF technical delegation will arrive in Egypt Wednesday to discuss a $4.8B loan. Political and economic crises have hurt tourism and drained foreign currency reserves, with the latter affecting the government's ability to import wheat and fuel. Egyptian pound forwards hit their lowest levels on record in March and the M2 money supply rose 15.4% for the year ended February.
    | Mar. 31, 2013, 11:08 AM | 6 Comments
  • Jan. 1, 2013, 11:20 AM
    On the country ETF dashboard, green all around for 2012 with the exception of Brazil (EWZ -2.5%) and Argentina (ARGT -18.6%). Topping the list were Turkey (TUR +62.3%), Philippines (EPHE +46.6%), Thailand (THD +37.2%), Egypt (EGPT +34.2%) and Ireland (EIRL +32.1%).
    | Jan. 1, 2013, 11:20 AM
  • Dec. 9, 2012, 6:14 AM

    Egypt's EGX 30 is +4.8% after Egyptian President Mohamed Mursi revokes a decree that would have exempted his decisions from judicial review. However, a referendum on the controversial constitution will still take place on Saturday. Mursi's actions had caused violent protests and sent shares plunging.

    | Dec. 9, 2012, 6:14 AM
  • Nov. 25, 2012, 8:06 AM

    Egyptian stocks plunge 9.6% Sunday following President Morsi's move late last week to grant himself sweeping powers and judicial immunity.

    | Nov. 25, 2012, 8:06 AM | 2 Comments
  • Jun. 25, 2012, 10:01 AM
    EGPT soars 11.6% following the Presidential victory for the Muslim Brotherhood's Mohamed Morsi. The military continues to run the country, writes ICAP's Ken Polcari, as the Presidency is largely a figurehead position. Morsi is no friend to the U.S. or Israel, but it seems having a clear victor in what has been a protracted mess is good enough for shares today.
    | Jun. 25, 2012, 10:01 AM | 1 Comment
  • Mar. 6, 2012, 11:16 AM

    Almost $9 out of every $10 put into equity ETFs worldwide in 2012 has gone into emerging market funds, according to BlackRock. It's the best performance ever for the sector in the initial 2 months of a year as investors chase strong performance in places like Egypt (EGPT), Brazil (EWZ), and China (FXI). Two broader EM funds: VWO +12.2%, EEM +12% YTD.

    | Mar. 6, 2012, 11:16 AM | 1 Comment
EGPT Description
VanEck Vectors Egypt Index ETF (EGPT) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Egypt Index (MVEGPTTR), which is comprised of securities of companies that are incorporated in Egypt or that generate at least 50% of their revenues (or, in certain circumstances, have at least 50% of their assets) in Egypt.
See more details on sponsor's website
Country: Egypt
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