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)

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