Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan don’t tend to come to mind when searching for safety Eurasian Economics | william Pesek / Bloomberg In times of trouble, investors often race to US treasuries. Alisher Djumanov suggests a far less obvious destination: Central Asia. Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan don’t tend to come to mind when searching for safety. Nor do Armenia, Azerbaijan and Georgia in the Caucasus region. Yet there’s increasing merit to taking the road less travelled, literally and figuratively. “Amid global market volatility and sell-offs, frontier markets generally, and in Eurasia in particular, are holding their ground well,” Djumanov, managing partner at Singapore-based Eurasia Capital Management, told me recently in Ulaanbaatar,...
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