Balchunas on the Rally in the Market Vectors Egypt ETF (EGPT, PMNA, AFK)

Bloomberg ETF analyst Eric Balchunas discusses three exchange-traded funds with significant exposure to Egypt, including one that’s gained 67% so far this year. Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds.

You can hear the full “Bloomberg” interview: HERE

Related:

Market Vectors Egypt Index ETF (NYSEArca:EGPT)

The Market Vectors Egypt Index ETF (NYSEArca:EGPT) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Egypt Index (MVEGPTTR). MVEGPTTR is a rules-based, modified capitalization-weighted, float-adjusted index intended to give investors exposure to Egypt.

PowerShares MENA Frontier Countries (NASDAQ:PMNA)

The PowerShares MENA Frontier Countries Portfolio (Fund) is based on the NASDAQ OMX Middle East North Africa Indexsm (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs)  and Global Depository Receipts (GDRs) based on the securities in the Index. The Index seeks to provide direct exposure to liquid stocks of companies that have the majority of their assets or services residing in MENA frontier market countries, which include Egypt, Morocco, Oman, Lebanon, Jordan, Kuwait, Bahrain, Qatar and United Arab Emirates (Index currently includes the emirates of Dubai and Abu Dhabi). The Fund is rebalanced and reconstituted quarterly.

Market Vectors Africa Index ETF (NYSEArca:AFK)

The Market Vectors® Africa Index ETF (AFK) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Dow Jones Africa Titans 50 IndexSM (DJAFKT). DJAFKT is a rules-based, modified capitalization-weighted, float-adjusted index comprised of publicly traded companies that are headquartered in Africa or that generate the majority of their revenues in Africa.

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