| From Reuters: Egyptian investment bank Beltone Financial said on Monday it will launch an exchange-traded fund (ETF) in December tracking the benchmark CASE 30 index.
The fund, to be known as XT-Misr, will initially seek 100 million Egyptian pounds and hopes to spark interest from foreign institutional investors, Beltone portfolio manager Alyaa Gomaa told Reuters. "It is regarded as a very good investment tool for foreign investors to access the market," she said, adding that the ETF would make the index more efficient...... Full Article: Source
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