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EGPT (VanEck Egypt Index ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
The past week saw a total of 14 launches of exchange traded funds. Among them were ETFs from names including Pacer, Global X, Neuberger Berman, Bancreek and The Opportunistic Trader.
The US dollar-Egyptian pound exchange rate has been devalued by 38%. The Egyptian equity market, as represented by the EGX 30 index, has risen by 68% in local currency terms and is essentially flat in US dollar terms since September 2023.
ETFs in the technology sector, particularly semiconductor stocks, have performed well in early 2024.
NEW YORK--(BUSINESS WIRE)--VanEck announced today the 2023 annual distributions per share for its VanEck® equity exchange-traded funds.
Wall Street delivered a downbeat performance last week due to rising rate worries.
For investors seeking momentum, VanEck Egypt Index ETF EGPT is probably on radar. The fund just hit a 52-week high and is up 66% from its 52-week low of $15.73 per share.
Once again, gold ETFs have earned a place of prominence among the top-performing ETFs. Gold strategies may be picking up interest and returns as a defensive play as uncertainty grows around a 2024 recession.
Egypt has underperformed other emerging markets during the past three years. The macro picture is much more complex, which will lead to short-term selling pressure.