iShares Plans Egypt ETF

iShares has filed plans to lauch the iShares MSCI Egypt Capped Investable Market Index Fund, which will track an index that follows 41 companies.

Egypt is a volatile market, but one that has shown some promise in recent years and that may be why iShares is not the first ETF issuer to announce plans for an Egypt-specific ETF. In fact, iShares is late to the Egypt ETF announcement party, trailing both Market Vectors and Global X.

The iShares Egypt ETF will focus on financials, industrials and telecommunications services.