Agree with you on Halyk. Have been in and out of BGEO and TBCG over the year as well. I like them and these countries have great growth potential. The problem I find - short term trades aside - is that regardless of the good business performances and growth, as an investment position, you're always fighting the dropping currency exchange rates of the Lari etc.
Who knows, maybe the new paradigm we're entering may change that, but I think that's likely the case more so for stronger BRICS nations like Russia and China. Georgia doesn't have the commodities to backstop its currency like others including Kazakhstan do.
Agree with you on Halyk. Have been in and out of BGEO and TBCG over the year as well. I like them and these countries have great growth potential. The problem I find - short term trades aside - is that regardless of the good business performances and growth, as an investment position, you're always fighting the dropping currency exchange rates of the Lari etc.
Who knows, maybe the new paradigm we're entering may change that, but I think that's likely the case more so for stronger BRICS nations like Russia and China. Georgia doesn't have the commodities to backstop its currency like others including Kazakhstan do.
Thanks for the update on CXI!