VanEck Egypt Index ETF
EGPT
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- VanEck Egypt Index ETF (EGPT) provides investors with targeted exposure to the Egyptian equity market by seeking to replicate, before fees and expenses, the price and yield performance of the MVIS Egypt Index. The MVIS Egypt Index comprises securities of companies incorporated in Egypt or incorporated outside Egypt but generating at least 50% of their revenues or related assets from Egypt; it includes approximately 25 constituents across diversified sectors such as real estate, basic materials, financials, and information technology, with individual holdings capped at 8% weighting and subject to quarterly rebalances or ad hoc adjustments. The ETF employs a full replication technique, investing in growth and value stocks across various market capitalizations, including micro-, small-, and medium-cap companies domiciled primarily in emerging market issuers. Launched on February 16, 2010, by VanEck ETF Trust and managed by New York City-based asset manager VanEck, founded in 1955 and headquartered at 666 Third Avenue, New York, NY, the fund targets institutional and retail investors interested in Africa's third-largest economy. VanEck, a pioneer in international markets, gold investing, and ETFs since 2006, oversees the ETF's passive strategy with a net expense ratio of 0.98% following fee waivers. In a significant recent development, VanEck announced on March 8, 2024, the closure and liquidation of the EGPT ETF due to evaluations of performance, liquidity, assets under management (approximately $20.3 million prior to closure), and investor interest. Trading ceased after market close on March 21, 2024, on NYSE Arca, with final creations halted for authorized participants and a liquidating distribution of $21.38893 per share paid on March 28, 2024, to remaining shareholders. This operational wind-down marked the ETF's termination, with no subsequent relaunches, partnerships, acquisitions, or new product offerings reported as of late 2025.