Egyptian turmoil prompts oil inflows but BAML advises caution
The political turmoil in Egypt is producing opportunities in the structured products market, with ETF Securities announcing increased flows into its oil exchange-traded commodities (ETCs). However, Bank of America Merrill Lynch (BAML) has cautioned against direct investment into Egypt.
At the end of last week ETF Securities saw $10 million of inflows into its energy ETCs, which it attributes to a hike in oil prices resulting from "Egypt-related geopolitical tensions". There were flows into its
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