Ed Lopez, Van Eck marketing director discusses the Market Vectors Egypt Index ETF (NYSE:EGPT) and its interesting moves over the past week. Ed addresses the quesiton as to why the ETF could be trading up despite the market bing closed. Ed speculates that investors are betting that, once the situation is resolved, the market will go up.
Ed has not seen the authorized participants coming to redeem their shares, at this point, there are rather individual investors trading shares at this point.
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