iShares Plans Its Own Egypt ETF

iShares, the largest U.S. ETF issuer, is planning to introduce the iShares MSCI Egypt Capped Investable Market Index Fund, which will trade under the ticker "EGYP." EGYP will butt heads with the Market Vectors Egypt Index ETF

, which made its debut in February. EGYP will track the MSCI Egypt Investable Market Index and represents the latest shot across the bow from iShares in its burgeoning rivalry with Van Eck, the company behind Market Vectors. iShares has introduced a Poland-specific ETF and a Brazil small-cap ETF to compete directly with older Market Vectors offerings. Those match-ups are the Market Vectors Poland ETF

vs. the iShares MSCI Poland Investable Market Index Fund

and the Market Vectors Brazil SmallCap ETF

vs. the iShares MSCI Brazil Small Cap Index Fund

. Still, creating a rival to EGPT is curious considering the ETF has volume of less than 3,800 shares per day and well under $10 million in assets under management.