In all their diversity, the country ETFs invested in African and Middle-Eastern firms are long on hopes and disappointments
Expectations run high when sound monetary policies regain credibility - as has been the case in Turkey since early July '23 - and when short-sighted investors drive prices down again, a case can be made for patience...
Much the same might have been true of Nigeria's market volatility following the February '23 presidential elections
Economics mesh with geopolitics, tragedy and war in the rebounding Israel-focused funds and in the intriguing performance of the Egyptian market
Continental immensity and diversity of factors driving the markets are strong indicators of country focused investment strategies and attention to unique features setting a country's prospects apart...and of patience....always