Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investing Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Money Management
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup

The Cuba Trade

November 28, 2016 By Jeremy Jones, CFA

Here MarketWatch reports that Fidel Castro’s death is causing the shares of a Cuba related mutual fund to soar.

Investors in a fund with the ticker symbol “CUBA” cheered Monday, as the share price surged in active trade in the wake of Fidel Castro’s death over the weekend.

The Herzfeld Caribbean Basin Fund Inc. doesn’t directly invest in Cuban businesses, but it could if that becomes possible. In the meantime, it invests in companies that are likely to benefit from “economic, political, structural and technological developments” in the Caribbean Basin, according to the fund prospectus.

The closed-end mutual fund’s shares CUBA,   soared 9.4% in morning trade but had pared earlier gains of as much as 17%. Volume topped 1.4 million shares within the first hour of the regular session, compared with the full-day average of just 27,500 shares.

US moving to normalize relations with Cuba

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • The Trouble with Balanced Mutual Funds and ETFs
  • Do ETFs Belong in Your Portfolio?
  • The Trouble with this Bond Fund
  • Author
  • Recent Posts

Jeremy Jones, CFA

Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.

Latest posts by Jeremy Jones, CFA (see all)

  • Is Brexit Good or is Brexit Bad? - December 13, 2019
  • High Dividend Small Cap Stocks: Should You Invest? - December 12, 2019
  • Is USMCA Ratification Imminent? - December 11, 2019

Search Young Research

Most Popular

  • Preferred Stock vs. Common Stock: What You Need to Know
  • Your Retirement Life: This State is Dominant Once Again
  • This is What Troubles Me About Safe Deposit Boxes
  • The Power of a Compound Interest Table
  • Vanguard GNMA Outlook 2020
  • A Tax-Free Savings Plan for Your Grandchild
  • The First Question You Should Ask Before Investing
  • Rich State, Poor State Rankings: This One Tops New England
  • Your Retirement Life: “My life Has Always Been One of Very Good Fortune”
  • Is USMCA Ratification Imminent?

DON’T MISS

Risk & Reward: An Efficient Frontier
The Highest Yielding S&P 500 Stocks
The Power of a Compound Interest Table
Is Gold a Good Long-term Investment?
How to Invest in Gold
You’ve Read the Last Intelligence Report, Now What?
For Investors who Want to Stop Worrying About a Market Crash
Dividend Kings: Are Dividend Kings the Best Dividend Stocks to Buy?
The Highest Yielding Dow Stocks
Vanguard Wellington (VWELX): The Original Balanced Fund
What is the Best Gold ETF for Investing and Trading?

RSS The Latest at Richardcyoung.com

  • Johnson’s Landslide Tory Victory Crushes Corbyn the Communist
  • Promises from Nancy – Quid Pro Quo?
  • Will Pelosi Go Down with Her Sinking Ship?
  • Tucker Decapitates the “Clubby, Corrupted, Status Quo” Establishment
  • Congratulations Hall of Fame Goalie and Boston Bruins Great Tim Thomas
  • Matalin: Trump a Stunning Paradigm Shift, Everything Can Be Done
  • Democrats Don’t Want Voters to Decide Trump’s Fate in 2020
  • Bribery and Extortion Gone Missing?
  • This is how Great Bobby Orr was During his Prime
  • Look at these Numbers: Can Trump Lose in 2020?

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Social Media

  • Facebook
  • Twitter
  • Youtube
  • Pinterest

Copyright © 2019 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.