Tags: Jasbeena | Africa | ETF | Investing

Hedge Fund Expert Jasbeena: Africa Is 'Exciting' While Protests Make Turkey Volatile

By    |   Wednesday, 12 June 2013 06:48 AM

Africa is "one of the most exciting areas that I've seen," said Jasbeena, who is a managing director of Syena Capital Management LLC, a Connecticut-based hedge fund focusing on emerging markets.

"It's a little bit challenging for retail investors to get into the space, however, there are a few ETFs," she said in an exclusive interview with Newsmax TV.

"I would like to emphasize this is not for the faint of heart," said Jasbeena, who goes by one name.

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"I would recommend that investors who do get into these markets understand that it's a longer-term investment and … be able to handle the volatility that comes with it. Africa is going to be the big surprise and a big growth story over the next two or three decades."

Jasbeena was asked about the best ETF that can be utilized to invest in the continent. The recommendation: AFK.

"They invest in countries like Nigeria, like Kenya," she said. "They would own the more stronger names like banks, things like that. That is something that folks can play, and I wouldn't recommend it be a large part of their allocation, but certainly have [a] small one so they can ride the growth in the Sub-Saharan region."

She elaborated on the issue of volatility by citing Turkey, describing the plummeting of the country's equities. The nation's stocks fell to the lowest level this year as protesters clashed with riot police and the central bank implemented additional tightening measures to deal with currency volatility, according to Bloomberg News.

"Turkey … is at a very crucial juncture in its history," she said. "This is a primarily Islamic nation, but it's looking for a secular democracy. Because of the current administration, they're getting concerned that Prime Minister [Recep Tayyip] Erdogan is bringing the nation more and more toward an Islamic [state]. They do not want that, and that's the concern for the uprisings or the protests."

The benchmark stock gauge dropped more than 10 percent on June 3, the first business day after the protests erupted.

Investing in ETFs requires an examination of the "underlying geographic … as well as the sector allocation" of the ETFs.

"That is going to be the big challenge here," she said. "In the near term, I would say emerging markets is a challenge for a lot of folks. If you can handle the volatility — and I want this to be very clear – if you can handle the volatility, emerging markets at these current levels are not overly expensive."

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Africa is "one of the most exciting areas that I've seen," said Jasbeena, who is a managing director of Syena Capital Management LLC, a Connecticut-based hedge fund focusing on emerging markets.
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Wednesday, 12 June 2013 06:48 AM
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