Until this morning, I did not even know Market Vectors Egypt (EGPT) existed. Based on the average volume of sub 50,000 shares a day and less than $12M in assets, I was not the only one.
But for those with cast iron stomachs and 5 year time horizons I would assume barring a fireball in Egypt, a position today might offer some nice upside a few years down the road.
The Egypt Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Egypt Index. The Market Vectors Egypt Index is a rules-based, modified capitalization-weighted, float-adjusted index intended to give investors exposure to Egypt.
Top 10 Holdings
Market Value (USD)
% of net assets
|Commercial International Bank Egypt SAE COMI EY||160,224||989,192|| |
|Orascom Construction Industries ORSD LI||25,572||883,325|| |
|Orascom Telecom Holding SAE OTLD LI||269,451||845,746|| |
|Talaat Moustafa Group TMGH EY||685,124||758,821|| |
|Egyptian Financial Group-Hermes Holding HRHO EY||151,426||676,970|| |
|Telecom Egypt ETEL EY||238,577||648,384|| |
|Egyptian Kuwaiti Holding Co EKHO EY||470,748||589,569|| |
|Juhayna Food Industries JUFO EY||631,632||584,550|| |
|Ezz Steel ESRS EY||202,446||548,028|| |
|ElSwedy Cables Holding Co SWDY EY||69,322||539,060|
Link to the product here for those interested.