I stumbled across this little nugget on FT Alphaville about a new closed end fund listing on the AIM market in London that will invest in Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, Tajikistan and Russia.
There are a quite a few funds like this in London that invest in places that don't attract a lot of investment vehicles. Some of these funds can be accessed through US brokerage accounts and some cannot.
I do not know if this fund will ultimately be available here or not, I don't know if I would ever want to invest in any of the Stans or not but they are generally resource rich and I would like to have the choice to invest in the fund even if I never actually do.
Little funds like this and bigger stock listings have been favoring London for quite a while. At some point these funds and such that aren't available now will be soon but until then I think this is a big negative.
Wikinvest Wire
8 comments:
Somebody must have a punchline for this post - anyone?
I would like to see an ETF using Spain, Hungary, Italy and Turkey.
Just for the ticker symbol.
I think this is Roger's idea of a late April Fools joke. Kyrgyzstan? Never heard of it.
that is no joke, I pasted it from FT. I have heard of it.
I probably would have put in Kreplachistan to be funny.
Thanks for the tip Roger. Exactly the type of frontier markets worth a look-see, even if not worth an investment. Too bad this wasn't a year earlier. I'd have gone way long the 'stans prior to the release of Borat. Pulled that part of the world into a lot of folks consciousness, which good or bad is better than being ignored.
I continue to pound the table on Croatia.
any ADRs that trade here over the counter or any ordinary shares that can be accessed here that we should learn about?
Roger, if you limit respectable operations like Iceland to allocations of 2%, then the '-stans should be kept to 0.5% of total assets.
Calling it "The Wild West" romanticizes nepotism, thuggery and colonoscopy by prospectus.
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