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Soruce : Fundweb

Fundweb-Origo Partners launches Mongolia fundFundweb-Origo Partners launches Mongolia fund

Soruce : Rob Langston 

Origo Partners has launched the Mongolian Stock Exchange (MSE) Liquidity fund, which will invest in a portfolio of Mongolian equities.

The fund will invest primarily in the top ten traded companies on the MSE and offer 100% exposure to the Mongolian currency – the tugrik.

According to Origen, the Asian country’s economy was the fastest growing during the first half of the year.

Performance of the Mongolian economy is said to have been driven by the development of its mineral resources, while the switch to electronic trading is likely to increase capital flows, Origo argues.

Management of the fund will be carried out by Luke Leslie, head of Mongolia and mining investments at Origo and Eric Zurrin, chief executive of ResCap.

The open-ended fund will have a minimum subscription of $10,000 (£6,307) and is expected to begin trading in October.

Chris Rynning, the chief executive of Origo, says: “Mongolia is set to continue profiting from its world class natural resource assets, and we are confident that the fund will give investors attractive exposure to Mongolia in a way which has been previously unavailable.”

http://www.fundweb.co.uk/fund-news/origo-partners-launches-mongolia-fund/1037692.article