Barron’s: Now This – a Fund for Mongolian, Burmese Real Estate

Mongolia, Myanmar: What do you call the least trodden swaths of the “frontier markets”? Put the latest fund idea from Cube Capital in this as-of-yet unnamed category. The Cube Asia Frontier Fund (CAFF), a closed-end fund, aims at investing “opportunistically” in “inefficient” frontier markets’ real estate, starting with Mongolia, Vietnam and Myanmar (Burma), according to a press release. “Our philosophy is to seek uncrowded investment opportunities, and we are confident that exploiting these still insufficiently explored markets will generate attractive returns,” the release quotes CAFF’s Thomas Holland as saying. The fund’s capacity is given as $150 million. The “uncrowded” aspect is the chief allure: Relatively untrodden markets should produce less correlated returns versus tightly linked global stocks in Europe, East Asia and the U.S. It would seem that the method can sometimes disappoint, however. To read the full article, click hereNow This – a Fund for Mongolian, Burmese Real Estate

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