Uzbekistan Fertile Ground for Value?

Last week, a conference was held that focused on attracting foreign investment to Uzbekistan.

This bit from the linked report catches my eye:

James Morton, director of British investment fund Cundill Investment Research Ltd, said the Uzbek market is attractive for foreign investors. He said Cundill Investment Research Ltd is interested in CIS markets, in particular Uzbekistan. Morton said the company is interested in retail trade companies and agriculture producers.

Actually, Cundill is a Canadian outfit. No big deal. My hunch is that the person writing the report was confused because Morton is (I think) British and is based in London. What's more, Peter Cundill himself has been based in London for years -- though the man is renowned for his travel schedule.

The only guy with a bigger rep for globe-trotting is Templeton's Mark Mobius.

I don't know that I'll be a buyer of Uzbek securities anytime soon. But the Cundill folks are top-notch value investors and among the best applying the approach globally.

So this is worth watching.