The MSE Liquidity Fund is an open-ended investment fund accessing companies on the Mongolian Stock Exchange (MSE) and high interest savings deposit rates at the leading Mongolian commercial banks. The Fund seeks calculated exposure the Mongolian Tugrik which was the second best performing currency against the USD in 2010 (+13%). The currency is expected to appreciate due to the significant investments into the mining sector in Mongolia. This is the first investment product for international investors to take direct advantage of these opportunities in one combined offering.
The fund will invest in both equities and term deposits. In 2010, the MSE was the world’s best performing equity market (increasing 174% in USD terms). Target IRR is 50%.
Management has negotiated above market term deposit rates (up to 16%) with leading commercial banks in Mongolia.
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