Egypt Equity

Egypt equity mutual funds and ETFs own securities listed on the Egyptian... Egypt equity mutual funds and ETFs own securities listed on the Egyptian Stock Exchange. The most well-known benchmark on the market is the EGX 30, which is a market-capitalization-weighted index of the largest 30 stocks on the exchange. The exchange has large weightings in real estate, materials, and financials. Some of the biggest companies on the market include Talaat Moustafa Group, Abou Kir Fertilizers, and Eastern Co. Egypt equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Egyptian Pound. The Egyptian economy, the world’s 33rd largest by nominal Gross Domestic Product as of 2022, is characterized by increasing privatization, a heavy reliance on household consumption, and low unemployment. Investment as a share of the economy was 15.6% as of 2021, close to the long-run average but well below the high of 27.8% set in 2008. Crude oil, cotton, and textiles are key exports. As a frontier market economy, Egyptian mutual funds and ETFs are often purchased by very aggressive investors. Last Updated: 11/04/2024 View more View less

Egypt equity mutual funds and ETFs own securities listed on the Egyptian Stock Exchange. The most well-known benchmark on the market is the EGX 30, which is a market-capitalization-weighted index of the largest... Egypt equity mutual funds and ETFs own securities listed on the Egyptian Stock Exchange. The most well-known benchmark on the market is the EGX 30, which is a market-capitalization-weighted index of the largest 30 stocks on the exchange. The exchange has large weightings in real estate, materials, and financials. Some of the biggest companies on the market include Talaat Moustafa Group, Abou Kir Fertilizers, and Eastern Co. Egypt equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Egyptian Pound. The Egyptian economy, the world’s 33rd largest by nominal Gross Domestic Product as of 2022, is characterized by increasing privatization, a heavy reliance on household consumption, and low unemployment. Investment as a share of the economy was 15.6% as of 2021, close to the long-run average but well below the high of 27.8% set in 2008. Crude oil, cotton, and textiles are key exports. As a frontier market economy, Egyptian mutual funds and ETFs are often purchased by very aggressive investors. Last Updated: 11/04/2024 View more View less