Investing in Mongolia … Yes, Mongolia
Mongolia is expected to have the fastest-growing economy in 2014
By Charles Sizemore
Source: Macro Trend Investor
http://investorplace.com/2014/01/invest ... uwzL_uHiZQ
Around 20% of the 200-plus companies listed on its stock exchange are involved in mining.
Mongolia’s top 10 mines alone are sitting on $2.75 trillion of coal, copper, gold, uranium and rare earths.
Mongolia’s Oyu Tolgoi gold and copper mine, located on the Mongolia-China border, is back on track. The deposits there reportedly contain 79 billion pounds of copper and 45 million ounces of gold. Australia’s Rio Tinto has already spent $7 billion to prepare the mine for operations.
Talkh Chikher JSC (TCK) is one of Mongolia’s leading manufacturing companies. It boasts a 60% share of the bread market, and 20% share in pastry products in Mongolia’s capital of Ulaanbaatar
While many investors will look to an ETF like the Global X Central Asia & Mongolia Index (AZIA), its liquidity is poor and 75% of its total assets are in its top 10 holdings. Too risky.
The best way to get exposure to Mongolian stocks that offer a blend of quality, growth, and value is through the previously mentioned AFC Asia Frontier Capital Fund.
Return to ASIA, OCEANIA & AFRICA: Data, News & Commentaries
Users browsing this forum: No registered users and 14 guests