The top-performing single-country fund in the 2012 first half was the Market Vectors Egypt ETF (NYSEArca:EGPT), which climbed by nearly a third. It's impossible to say if EGPT will keep rallying, as the country and the ETF have been on something of a roller-coaster ride over the past year. As the Financial Times wrote in a recent piece, the Philippines has a lot going for it these days, including low inflation, a stable currency, growth above 6 percent and a government that's willing to spend serious money on updating the archipelago nation's dilapidated infrastructure.