The turmoil in Egypt has brought out one of those classic either/or situations that you occasionally see in stocks. Either democracy will take root in the country and the world's largest Arab country will flourish, or something will derail the process and she will continue to stagnate. So how does one take advantage of this situation?
EGPT, the Market Vectors Egypt ETF, is the only pure Egypt ETF available right now, although others are coming online. If you think Egypt's destiny is assured, then this is the play for you. If you think rocky times are ahead, short it.
If you're bullish on Egypt but want to diversify your risk, consider a regional ETF such as AFK, PMNA, FRN, or GULF. All of these have between 10 and 19% allocations to Egypt, so you get the exposure with less of the risk.
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