ETFs were launched under “difficult circumstances”, chairman of EGX
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Reuters – Egypt’s stock exchange has granted Beltone Financial (BTFH.CA) the country’s first licence for exchange traded funds (ETF), the bourse’s head Mohamed Omran said on Monday, adding that trading could start within six weeks. Egypt, whose economy has been battered by more than three years of political and economic turmoil, is trying to attract …
Exchange traded funds serve as open investment funds which follow the movement of specific indicators, listing and trading their supplementary documents on the stock market as shares and bonds.