FRONTIER TO MARKET FUND OF FOREIGN-LISTED COMPANIES WITH MONGOLIAN MINING ASSETS PDF Print E-mail

Source: Frontier Securities                      Date: 08 September, 2011

Frontier Securities will introduce a new investment fund to help direct access to mining firms in Mongolia. The newly launched and actively managed Silk Road Mongolia Fund by Quam Asset Management will introduce liquidity to mining companies active in Mongolia.

The programs presenter and investment specialist is Richard Harris, the Chief Executive of Quam Asset Management. Harris hopes to capitalize on the exposure the Mongolia tugrug has received as one of the best performing currencies against the U.S. dollar in 2010.

The fund's operators plan to invest chiefly in foreign listed companies. Ivanhoe Mines will receive 43 percent of those funds. Other companies listed on the New York, Hong Kong, Taiwan, and London exchanges will be included, in addition to a small portion put towards companies listed on the Mongolian Stock Exchange (MSE).

 

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