Sad but true investing axiom: "Invest when there's blood in the streets"

In a previous incarnation I gave investment advice to some of Canada's wealthiest families, and I learned much from working with the top minds at Altamira in the early to mid-1990s. A solid strategy for investing in emerging markets revolved around the philosophy of investing when there is "blood in the streets."

This doesn't mean that investors hoped for chaos, it is merely another variation on the Buy Low, Sell High axiom. In other words, when a country has been through a painful transition and its stock market has been hammered because of the violence in the streets, you have to figure that a lot of the bad news is priced in and there could be better years ahead. When a country is doing really well and always in the news with positive stories, that would be a sell signal under this approach.

Keeping all this in mind, it may be a good time to begin looking at Egypt, so does anybody know of any Middle East and North Africa investment funds? ETFs? Mutual funds?

Please post suggestions in the Comments area below, and I'll post an update after gathering more info.