Van Eck starts trading Egypt ETF

Van Eck stopped processing creation orders for its fund on 31 January, three days after the Egyptian Exchange (EGX) closed - although redemption orders have been accepted throughout. With the EGX finally reopened last Wednedsay, two days before a deadline that would have led to the country's removal from MSCI indices, Van Eck has once more resumed operations on its Egypt ETF. The fund's share price fell at the end of last week, down from $17.95 in the  week ending 18 March, to $15.30 by the end of 23 March, according to Bloomberg. These price movements, however, largely bring tradi...