The Uzbekistan National Investment Fund's listing on the London Stock Exchange may be grabbing headlines, but the real work lies in a structural transformation of its underlying assets.
Tag : central asia
The Uzbekistan National Investment Fund is set to list on the London and Tashkent stock exchanges, marking a historic shift from debt to equity as the Central Asian nation's liberalising economy courts global investors.
The ex-Soviet republics have bounced back and there's hope Russia's WTO accession will stir investments. But the closer you go to Europe, the worse it gets, says East Capital CIO.
