Index Launched To Track Burmese Equities

Silk Road Management, a Mongolia-based investment firm specializing in high-growth frontier markets, launched the Silk Road Myanmar Index on Wednesday to track the share price performance of eight Burma-related companies listed on various Asian stock exchanges, according to a report by The Financial Times. The new index gives portfolio investors an early chance to grab a share of the action in Burma, even though the country has no stock exchange. Two domestic companies on Burma’s informal over-the-counter market are excluded due to “limited investability†for international investors.