Mongolia
- Why Mongolia must master its reticence in resources
Australia, Central Asia, Middle East, Mongolia, Personal Finance - Thursday, July 1, 2010 20:51 - 0 Comments
The final frontiers of investing
Australian Financial Review, July 2010
Fancy a Mongolian mining company? No? How about a nice Lithuanian bank, or a Kazakhstan gas utility? OK, my final offer: KenGen. What do you mean you don’t know KenGen? It’s Kenya’s most successful electricity company. Durr.
Frontier markets, as stock markets like these are known, require greater savvy and experience than dealing with the most grizzled of used-car salesmen. This is, no doubt, where some of the most extraordinary gains will be made: the emerging star companies of tomorrow in the emerging star countries of tomorrow. But they take the idea of risk and reward to a whole new level – particularly on the risk side of the ledger.
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