VanEck Egypt Index ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$29.20
- Net Assets:$0 Million
- NAV:$29.78
- Premium-1.95%
- Peer Rank:2 of 104
- Investment Rating:A+
- Performance:A+
- RiskC+
We rate VanEck Egypt Index at A+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a greater than above average total return, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Emerging Market Equity strategy.
Total return ranks above peers over the last three years. The VanEck Egypt Index has returned an annual rate of -4.71% since inception. More recently, the fund has generated a total return of 0.59% in the last five years, 6.71% in the last three years, and 70.10% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 17% of them. It has also outpaced 69% of its competitors on a three year basis and 98% of them over the last year for the period ending 2/29/2024. On a year to date basis, EGPT has returned 21.58%.
Downside risk has been below average. EGPT has a draw down risk of -37.36%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 22.5%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As EGPT is an exchange traded fund, it has no front end or back end load.
The VanEck Egypt Index is managed by Peter H. Liao at Van Eck Associates Corp. This fund is one of 54 Van Eck Associates Corp exchange-traded funds launched since 5/16/2006 that we track.