By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Following a strong performance over the last ten months, the market, as measured by the Rabee Securities RSISX USD Index, was down 12.2% for the month as […]
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June saw the publication of Undervalued-Shares.com s third instalment piece on investments in frontier markets focusing on the compelling investment potential of Iraq s equity market - particularly in light of the misconceptions versus the reality on the ground in Iraq from the perspective of a global investor focusing on frontier markets.
The author reviews the current entrenched negative view on Iraq, which is solely focused on the country s recent history of conflict and notes that:
Even I hesitated and wondered if this subject was pushing it a bit too far. In the end, it was this deep-seated, widespread pessimism that made me take a closer look. Quite often, when there is a widely-held belief that few people care even to question anymore, it turns out that the tide has already started to turn - without anyone noticing yet.