Silk Road Management has teamed up with Quam Asset Management to launch the Quam Silk Road Mongolia Fund, a new fund which invests in globally listed companies primarily exposed to the Mongolian economy.
The fund targets long term investment growth through investment in companies with strong fundamentals and whose main business operations and/or assets are based in Mongolia. The fund is an open-end investment vehicle, primarily investing in liquid stocks which are members of USD38bn Silk Road Mongolia Index.
“Mongolia has a significant undeveloped mineral wealth, including some of the world’s largest undeveloped copper, gold and uranium deposits and it is believed to have the largest untapped supply of coal. Developing its massive resources will allow Mongolia to become the world’s fastest growing economy throughout the next decade" says Alisher Ali, Managing Partner of Silk Road Management and Chairman of Eurasia Capital.
Richard Harris (pictured), CEO of Quam Asset Management, says: “Mongolia, located between China and Russia, is strategically positioned to supply raw materials for Chinese, Korean, Japanese and eastern Russian development. Mongolia is set to continue profiting from its world class natural resources, located next to the world’s biggest consumer."
