Egyptian ETF among best performers in emerging markets

Egypt ETFs among best performers in emerging markets: Egyptian shares and exchange-traded funds (ETFs) are performing fairly better than their emerging markets peers, ETF Trends reported. The VanEck Vectors Egypt Index ETF (EGPT) is up 13.9% year-to-date, compared to the 8.7% gain in the MSCI Emerging Markets Index. The move in Egyptian stocks is fueled by speculation that the central bank will cut interest rates at its MPC meeting on Valentine’s Day.