Pre-Trading Thoughts

The Hidden Good in the Bad: MSCI might reclassify Egypt to a frontier market. MSCI has said it could launch a consultation to reclassify its Egyptian indexes from “emerging” to “frontier” or “standalone” status “in the event of further deterioration of market accessibility in Egypt.” If Egypt was downgraded to a frontier market, it might get similar or better allocation from global funds, depending on its weight within the frontier index. The negatives might be very short-lived or just ...