It’s time to Invest in Egypt | Frontier Market Opportunities for Investors | Mohamed Aboshanab —-
The Egyptian Economy
Egypt's economy is one of the most developed in the Middle East/Africa, with a gross domestic product (GDP) of $307 billion in 2015 and $11,194 in GDP per capita in 2015. Like many larger countries, the economy is dominated by the service sector (47%) and industrial sector (24%), but it's also known for its agricultural sector (29%) that provides significant employment.
Egypt's stock exchange is also one of the most developed in the Middle East/Africa with more than 600 companies listed and $6 billion in annual turnover. While the markets were shut down for an extended period after the fall of Hosni Mubarak in February of 2011, they have since re-opened, and the economy has begun to show signs of a recovery by late 2012.
Investing in Egypt With ETFs
The easiest way to invest in Egypt is using exchange-traded funds (ETFs), which offer instant diversification in a single U.S.-traded security. Those looking for a more direct play may also want to consider American Depository Receipts (ADRs), which are U.S.-traded securities that track stocks listed on the Egyptian Stock Exchange.
The most popular ETF for U.S. investors is the Market Vectors Egypt Index ETF (NYSE: EGPT), which has approximately $50 million under management and a net expense ratio of 0.94%, as of November 2012. Investors should be aware that the fund is approximately 44.5% weighted in financials, which means that it may be more sensitive to that industry's changes
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