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Egypt…An Attractive Investment Opportunity

GDP growth Rate for the year 2011 of 5.5% outpacing that of the World of 4.3% for the same period.

The fundamentals of growth are withstanding backed by attractive demographics, strong domestic demand, increase in the GDP per capital ratio and increased spending.

Government commitment to reforms

Restructuring of the Banking system
Reduction of custom, corporate & income tax
Reduced start-up businesses registration costs
Reduction of state-owned enterprise debts

Infrastructure shortages in power, water and healthcare are backed by government commitments and budgets to cater and invest in these shortages.

Best performing stock market in the world over the last 5 years

Cheap valuation Versus EM & World with healthy EPS growth

Capturing Technically Driven Returns
The Egyptian market is retail driven with more than 70% of daily turnover being retail trading activity.  Technical analysis captures returns because retail investors move in tandem with technical analysis.

The Egyptian market is characterized by high volatility and short term market swings.  Technical analysis maximizes returns by capturing short-term trading ranges and identifying entry and exit points.  The manager also utilizes stop losses to reduce risk in sentiment driven markets.   

The Egyptian market is characterized by market inefficiencies such as limited disclosure and inefficient data dissemination.  Technical analysis maximizes returns by identifying price movements and volume build up by witnessing early signs of a positive fundamental announcement.