Published on: April 14th, 2022 • Duration: 55 minutes
When it comes to emerging markets, few investors think of Iran. That, according to Maciej Wojtal, the CIO of Amtelon Capital, is an oversight. In a fascinating conversation with Brent Johnson, the CEO of Santiago Capital, Wojtal makes a compelling case for a country many consider uninvestable. His evidence includes the following: a large, young, well-educated, vibrant population; huge amounts of natural resources; little personal and institutional debt; and a highly regulated and liquid stock market with valuations unheard of in developed markets. Geopolitics will be a major issue for the foreseeable future when it comes to investing in Iran. But, as Wojtal notes, circumstances are evolving in a positive way, and he’s optimistic Washington will soon make a new deal with Tehran. Perhaps it’s time to consider Iran through a post-sanctions lens. Recorded on March 7, 2022.
If this conversation has piqued your interest in emerging and frontier markets, check out Raoul Pal’s and Grant Williams’s “Monsoon” presentation from July 15, 2015 : https://rvtv.io/3O2aewW