Wednesday April 2 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: Egypt
Link: http://www.efsa.gov.eg/content/efsa2_en/EFSA%20News_en/News391_en.htm
The Egyptian capital market is prepared for introducing ETFs, that is after EFSA’s BOD headed by Mr. Sherif Samy approved ETF’s rules and the requirements for granting licenses to market makers. ETFs are investment tools that combine the main features of mutual funds in terms of the diversity of the portfolio and the possibility of IC issuance and redemption besides the key features of shares in terms of the possibility of trading in the Stock Exchange.
Click on the above link for further details.