Mongolian stand-off flags frontier market issues
The suspension of half of Mongolia's broker community by the local exchange last month has highlighted the problems faced by those trading frontier markets.
The current stalemate between the Mongolia Stock Exchange (MSE) and its members – which has seen half the local broking community suspended – has dramatically underlined the problems foreign firms face when trading frontier markets.
Admittedly, Thomas Hugger, chief executive of Hong Kong-based Asia Frontier Capital, says he hadn’t previously encountered such an occurrence in his 35-year career in finance. But the situation reflects the kind of challenges that both asset managers a…
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