VanEck Egypt Index ETF

EGPT

Market cap $20.4M

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.