Myanmar-related equity index launched

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Private equity fund Silk Road Management has launched an equity index to track the stocks of Myanmar-related publicly listed companies in Thailand, South Korea and Singapore, Yangon-based consultancy Thura Swiss has reported.

The launch will add the newest index to the investment management firm’s portfolio, bringing the total to seven.

According to a press release from the company, the index has gained 47 per cent in the period ending October 31, which would make it the best performing index in Asia and the fourth best performing in the world.

The eight companies that comprise the index are Daewoo International Corp, Ratchaburi Elec Gen Holding, Super Group Ltd, Italian-Thai Development pc, Interra Resources Ltd, Shangri-La Hotel plc and Ntegrator International Ltd.

Though a Myanmar-related equity index is likely to engender excitement, caution should still be taken, Thura Swiss advises.

The majority of companies listed on the new index diversify their operations outside of Myanmar and cannot attribute growth purely to the emerging nation.

Therefore, while the new tool offers a savvy barometer in a country that has yet to establish a stock market of their own, the index may be only useful for tongue-and-check attempts to gauge market activity.

Japan’s Daiwa Securities Group, is currently on the task of computerising Myanmar’s first stock exchange.

Based in Ulaanbataar, Mongolia, Silk Road Management manages a $30 million human capital fund aimed at development projects in the landlocked country.

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Reading Time: 1 minute

Private equity fund Silk Road Management has launched an equity index to track the stocks of Myanmar-related publicly listed companies in Thailand, South Korea and Singapore, Yangon-based consultancy Thura Swiss has reported.

Reading Time: 1 minute

Private equity fund Silk Road Management has launched an equity index to track the stocks of Myanmar-related publicly listed companies in Thailand, South Korea and Singapore, Yangon-based consultancy Thura Swiss has reported.

The launch will add the newest index to the investment management firm’s portfolio, bringing the total to seven.

According to a press release from the company, the index has gained 47 per cent in the period ending October 31, which would make it the best performing index in Asia and the fourth best performing in the world.

The eight companies that comprise the index are Daewoo International Corp, Ratchaburi Elec Gen Holding, Super Group Ltd, Italian-Thai Development pc, Interra Resources Ltd, Shangri-La Hotel plc and Ntegrator International Ltd.

Though a Myanmar-related equity index is likely to engender excitement, caution should still be taken, Thura Swiss advises.

The majority of companies listed on the new index diversify their operations outside of Myanmar and cannot attribute growth purely to the emerging nation.

Therefore, while the new tool offers a savvy barometer in a country that has yet to establish a stock market of their own, the index may be only useful for tongue-and-check attempts to gauge market activity.

Japan’s Daiwa Securities Group, is currently on the task of computerising Myanmar’s first stock exchange.

Based in Ulaanbataar, Mongolia, Silk Road Management manages a $30 million human capital fund aimed at development projects in the landlocked country.

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