Published on: November 25th, 2020 • Duration: 52 minutes
Iraq is not a place that immediately comes to mind when thinking of attractive investment opportunities. Despite decades of geopolitical turbulence, investors have long eyed frontier markets like Iraq for high-growth value investments. Geoffrey Batt, Managing Member of Euphrates Advisors, invests exclusively in Iraqi companies – from consumer-packaged goods and banks to telecommunications firms and e-commerce. For over a decade, he has invested in the Iraq Stock Exchange (ISX) and has been able to identify companies with long term capital appreciation. He sees a transformation currently taking place with Iraq's younger generation and the widespread adoption of fintech companies throughout the country. Filmed November 23, 2020.
Batt explains his investment philosophy in searching for economies with potential historic equity re-ratings. He notes that that the greatest opportunities in any market, asset class and investment are those in which there’s a very wide gap between perception and reality.