Alpha-Centric ESG Research

Kyle Rudden

<ul>
<li>COP27, the 27th annual United Nations international conference on climate change, starts on 6 November and runs through 18 November – in the Egyptian coastal city of Sharm el-Sheikh.</li>
<li>World leaders and delegations from 196 nations and territories are expected to collaborate on a host of issues such as finance, decarbonisation, agriculture, water, energy, and biodiversity.</li>
<li>Overall expectations are being kept in check, but COP27 is likely to focus on climate adaptation and sectors like agriculture/food that heretofore have taken a back seat to clean energy.</li>
</ul>


COP27, the 27th annual United Nations international conference on climate change, starts on 6 November and runs through 18 November – in the Egyptian coastal city of Sharm el-Sheikh.
World leaders and delegations from 196 nations and territories are expected to collaborate on a host of issues such as finance, decarbonisation, agriculture, water, energy, and biodiversity.
Overall expectations are being kept in check, but COP27 is likely to focus on climate adaptation and sectors like agriculture/food that heretofore have taken a back seat to clean energy.


COP27: Despite Limited Expectations There Are Several Potential Bright Spots

Frontier and Emerging Markets, Indigo Frontier

Dylan Waller

Frontier and Emerging Markets

Indigo Frontier

Writing about things that I plan to invest in during the next decade

Frontier Market and Emerging Markets

Macroeconomics

<ul><li>Egyptian equities are beginning to enter a bottoming out phase, although there is likely more economic pain this year and no near-term stock market catalysts are present.</li><li>However, with MSCI Egypt trading at circa six times forward earnings, a near 50% discount to MSCI Emerging Markets, Egypt appears to be positioned very well in terms of relative value</li><li>Some of the major headwinds approaching include food/energy inflation, declining tourism, and Egypt’s entry into another IMF program this year</li></ul>

Egyptian equities are beginning to enter a bottoming out phase, although there is likely more economic pain this year and no near-term stock market catalysts are present.However, with MSCI Egypt trading at circa six times forward earnings, a near 50% discount to MSCI Emerging Markets, Egypt appears to be positioned very well in terms of relative valueSome of the major headwinds approaching include food/energy inflation, declining tourism, and Egypt’s entry into another IMF program this year

Egyptian Equities Are Approaching a Bottom

Egypt

The MSCI Egypt Index is designed to measure the performance of the large and mid cap segments of the Egyptian market. With 3 constituents, the index covers approximately 85% of the Eqypt equity universe. The MSCI Egypt Index was launched on Aug 30, 1997

MSCI Egypt Index (MXEG INDEX)

COP27: Despite Limited Expectations There Are Several Potential Bright Spots

COP27, the UN climate change conference, starts next week. Despite curbed expectations for the conference as a whole, there are a few bright spots...

Kyle Rudden

Egyptian Equities Are Approaching a Bottom

Egyptian equities are beginning to enter a bottoming out phase, although there is likely more economic pain this year and no near-term stock market...

Dylan Waller