Global Capital Launches Iraq Focused Fund by Seth Fraser, Reporter, December 6, 2010

[cbs71]

If this does not get you even more excited, then you have a problem!

Global Capital Investments is launching an Iraq-focused fund to capitalize on the country’s stabilizing economy.

Chicago-based Kenneth Kuhn, a managing director and longtime currency trader of the Iraqi dinar, began the fund in November to provide better access to Iraq’s financial markets.

The fund primarily invests in listed equities on the Iraq Stock Exchange and has already selected about 44 of the 93 stocks on the ISX, according to Reuters.

Attractive reasons to invest in Iraq, according to Kuhn, include a dropping interest rate, rising exports, a stabilizing dinar and minimal national debt.

“The fund uses a long strategy in a diversified portfolio with an emphasis on the banking sector,” Kuhn told HedgeFund.net.

In addition to the banking sector, Kuhn sees vast potential in oil reserves, as well as the agriculture sector which is recovering from the oil-for-food scandal.

The Iraq focused fund is still in its fundraising stages with a target of $10 million.

The minimum investment is $100,000 and the fee structure is 2% and 20%.

“It is the first fund of our firm and we hope to grow other sister companies,” said Kuhn.

[ECSxFenrir]

Interesting that this is public news about someone being interested and actively buying IQD. Haven't been on the block long but it being this public is that new for this investment? I know Ali has his 2 second clip on the news but other than that is this article the most public display of in the know persons investing?

[whatsfordinar?]

.......Blue Horseshoe LOVES Bluestar Airl- er, I mean, Global Capital Investments......thank you, Bud Fox.....

[30 at 50]

Yes ,this is very good news, vast fortunes will be made in the ISX.I believe this tiny market will be shooting to the moon.I feel it will be a great place to position yourself now if you are able and of course with our post RV money and watch it grow from there.The stocks are ridiculously under valued now and THEY ARE PRICED IN DINARS !

The makings of a perfect storm,lol....

Thank you cbs71 for sharing the tidbit...

[cbs71]

Yes ,this is very good news, vast fortunes will be made in the ISX.I believe this tiny market will be shooting to the moon.I feel it will be a great place to position yourself now if you are able and of course with our post RV money and watch it grow from there.The stocks are ridiculously under valued now and THEY ARE PRICED IN DINARS !

The makings of a perfect storm,lol....

Thank you cbs71 for sharing the tidbit...

You are more than welcome my friend. I think that maybe we should keep one foot in Iraq after the RV.....