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Where MSCI sees a reclassification risk (previous), some foreign investors see a tremendous...

Where MSCI sees a reclassification risk (previous), some foreign investors see a tremendous opportunity. Non-Arab market participants are net buyers of Egyptian equities (EGPT +3%) in June to the tune of ~$34M. With the EGX 30 Index officially in bear market territory as of Wednesday on fears of an FX crisis and political upheaval, risk takers "can make a huge return," one analyst tells Bloomberg.
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