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Wait, What? CUBA Fund Doesn't Actually Own Any Cuban Assets?

Benzinga.com
0 Comments| April 9, 2015

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Managed by Thomas Herzfeld, the Herzfeld Caribbean Basin Fund, Inc (NASDAQ: CUBA) invests in several companies in the Caribbean, but focuses mostly on U.S. companies that capitalize on Caribbean progress.

It should be noted, though, that the ticker under which it trades is somewhat misleading, in the sense that the fund does not actually invest in Cuban companies. It does, however, invest in U.S. companies that could explode in value if the United States and Cuba began trading.

In its latest semi-annual report, the Herzfeld Caribbean Basin Fund included an interesting table presenting its largest investment and geographic allocations as of December 31, 2014.

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/www.benzinga.com/news/15/04/5395605/wait-what-cuba-fund-doesnt-actually-own-any-cuban-assets alt=Wait, What? CUBA Fund Doesn't Actually Own Any Cuban Assets?>Full story available on Benzinga.com

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