Sizzle Is Off Emerging World’s Hottest Destination for Investors

  • Egyptian stocks, pound bonds are no longer outperforming peers
  • It reminds investors how quickly frontier markets can worsen

Cairo,Egypt, on Oct. 23.

Photographer: Mohamed El-Shahed/AFP via Getty Images

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Egypt’s President Abdel-Fattah El-Sisi emerged largely unscathed from a bout of anti-government protests a month ago.

Investors? Less so.