Rate Cut Could be Next Catalyst for Egypt ETF
August 02, 2013 at 08:30 AM EDT
To say this year has been eventful one for the Market Vectors Egypt ETF (NYSEArca: EGPT) would be an understatement. Political turmoil, dwindling foreign currency reserves and a double-digit unemployment rate were among the factors that sent EGPT tumbling earlier this year and to a July reverse...
