Cuban stock market

Cuban stock market

By: acmadi Date of post: 08.06.2017

It can also be used to describe investing in Cuba. And for good reason: Even though the Cuban government has welcomed foreign investments from countries such as China and Venezuela, U.

The Evolution Of Mark Cuban: From "No Doubt The Market Tanks" To "[Trump's] A Big Plus For The Overall Economy" | Zero Hedge

But we're at the dawn of a new era: President Barack Obama, John Kerry, Susan Rice, and the entire national security team demonstrated political courage to change the course of history, fomenting a diplomatic rapprochement between the United States and Cuba.

As a result, business climate in Cuba has increased for U. Later this month when President Obama visits Cuba, the first president to visit Cuba since Calvin Coolidge in , he will surely highlight the increased business interest and capital flows. Here's the case for why and how. Cuba checks several boxes for investors: There's also an investment catalyst: With its over 11 million inhabitants, Cuba has the largest population in the Caribbean.

It boasts a literacy rate of The average life expectancy is 79 years old, and it has twice the number of doctors per capita than the United States.

Investing in Cuba

It has a low infant mortality rate of 4. The director of the World Health Organization observed , "Cuba is the only country that has a health care system closely linked to research and development. This is the way to go, because human health can only improve through innovation. One investment manager who has been betting on Cuba for decades remained undeterred by President Trump's Cuba pullback. The closed-end fund "CUBA" holds shares poised to benefit from a normalization of relations with the United States and is one of the few plays on Havana's economy.

Closed-end fund is one of the few plays on Havana's economy.

At the time of publication, the author held no positions in the stocks mentioned. Kabir Sehgal is the author of New York Times bestseller Coined: The Rich Life of Money And How Its History Has Shaped Us.

He is also a Grammy-winning producer. The Conversation Continues by Arturo O'Farrill and the Afro Latin Jazz Orchestra, which was recorded in Havana hours after President Obama announced plans to normalize relations.

Follow him on Facebook and Twitter. Why You Should Invest in Cuba Cuba checks several boxes for investors: But an enterprising U.

It's a close-end fund, which means there's a limited amount of shares. He also recruited a former minister and defector to provide counsel on which companies to add to the fund. The fund is comprised of securities of sixty companies that conduct business in the region.

cuban stock market

Here are the weightings of some of the largest constituents of the fund: Royal Caribbean Cruises 8. The fund is indeed diversified among various sectors such as tourism and services to construction and agriculture.

For example, Royal Caribbean Cruises and Norwegian Cruise Line should benefit as they gain access to Cuban ports. Copa Holdings, airlines, will also benefit as more routes are opened to the island country.

The fund mangers of CUBA believe that the security's performance is partly geared to positive developments surrounding the rapprochement between the United States and Cuba. That's partly because it is geared to Latin American markets, which have traded down considerably with the emerging market sell-off. For example, they are overweight cruise liners, which have recently outperformed, as fuel prices have declined, and margins have strengthened.

But then again, its second largest holding, Copa Holdings, has suffered from weak currency in Latin America. It's revenue has also fallen because the company derives half of business from Latin American markets, many of which have tumbled.

One new addition to the fund is Marriott Vacations Worldwide Corporation , as the managers are trying to gain exposure to the luxury tourism segment. But it's hard to know how much of their business is derived from operations in Cuba. It's still early days for investing in Cuba, but there is hope that the country will one day reopen its stock market, which closed in At the time, it was one of the largest in Latin America.

The company has operated in Cuba for over twenty years and produces a significant amount of oil for the country. Invest in a U. Invest in a local Cuban business , such as the the many restaurants that are teeming with tourism. Go to Cuba, buy some local art , and sell it in the United States. There is a premium for certain Cuban artworks in the U. Investing in Cuba ain't easy. But it's also not impossible. Action Alerts PLUS is a registered trademark of TheStreet, Inc.

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