Amundi London has sold its local Egyptian debt before the stock market was suspended, Financial Times reports. According to Sergei Strigo, head of emerging markets debt at Amundi London, the move was initiated due to the current political issues in the country.
Strigo also added that the country had shown extremely low investment volatility in the last few years. U.K.-based Amundi London is now seeking to increase its exposure to external debt.
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