With one quarter behind so far in 2021 and a new one starting today, investors just hope for better news around the world when it comes to COVID-19 vaccine and what it all means for the world economy. Globally, gold has taken a beating in Q1 2021, down around 10%, while U.S. stocks continued to advance higher with S&P 500 [SPX] up 5.8% ytd. Similarly, the top three ETFs used as a proxy for global market (ex-U.S. and Canada) [NYSE: EFA], emerging markets [NYSE: EEM], and frontiers markets [NYSE: FM] have all ended Q1 2021 on a positive note, up 4.0%, 3.2%, and 4.0%, respectively. However, back home in Egypt, the picture was not that rosy on either EGX 30 (-2.6%) or EGX 70 EWI (-8.2%), albeit the former performed relatively better than the latter
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