Jim Rogers: 'Myanmar Best Investment Opportunity In The World'

Jul. 17, 2012 3:58 AM ETTHD, ASEA7 Comments
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Emerging Money

by Steven Orlowski

In an exclusive interview with OilPrice.com, Jim Rogers declared Myanmar to be the best investment opportunity in the world, with North Korea not far behind. His exact words were:

"Probably the best investment opportunity in the world right now is Myanmar. In 1962, Myanmar was the richest country in Asia. They closed off in 1962, and now it's the poorest country in Asia. I see enormous opportunities there because they're now opening up. It's like when China opened up in 1978. There were unbelievable opportunities going forward. The same is true in Myanmar now in my view. North Korea, I expect to see the same sorts of developments."

Both countries are difficult to access. There are no ETFs dedicated to Myanmar, and certainly not North Korea. As we reported in April, one way to access Myanmar is through Thailand. "Thailand is Myanmar's largest export market and second largest import market, the latter of which is set to boom with an easing of import restrictions and a progressively freer Myanmar market."

The way to invest in Thailand is through the MSCI Thailand Investable Market Index Fund (THD). This allows you to indirectly profit from Myanmar, and directly benefit from Thailand's business relationship with the country.

Another way to access Myanmar is by investing in the entire region, known as the Association of Southeast Asian Nations (ASEAN). Formed on August 8, 1967 the Association of Southeast Asian Nations is a geo-political and economic organization of ten countries located in Southeast Asia. The original membership included Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then additional countries include Brunei, Myanmar (Burma), Cambodia, Laos, and Vietnam.

The opportunity in the region is great, and Myanmar is certainly in a position to benefit. Until it becomes more accessible we have to be satisfied investing

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With hedge fund manager, CNBC regular and long-time veteran of the Russian markets Tim Seymour at the helm, Emerging Money (http://www.emergingmoney.com) provides education, trading analysis and comprehensive views of emerging markets around the world. As economies in the BRIC group and beyond become the growth engines of global wealth creation, Emerging Money provides insights and tools for investors to trade successfully in these markets via individual ADRs, foreign-traded stocks, currencies and ETFs. Visit: http://www.emergingmoney.com

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