can we invest in foreign markets

chamarahs · 1 can we invest in foreign markets Sat Apr 16, 2011 10:54 am

chamarahs

Manager - Equity Analytics

Posts : 101
Equity Stars : 4969
Reputation : 3
Join date : 2011-02-24
Age : 43
Location : Raddolugama

dear friends.....

1.) can we invest in foreign Stock market...?
2.) what are the rules, that we have to follow....
3.) what is the minimum amount can invest......( doller or rupees)
4.) what are the best foreign to invest.....

mark · 2 Re: can we invest in foreign markets Sat Apr 16, 2011 11:22 am

mark

Expert

Posts : 2677
Equity Stars : 9755
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

yes you can, as i remember CBSL eases the limits for investments.....
mongolian share market had a good pick up in last year...
don't know much about global markets...........

* http://www.advfn.com/index/StockMarketIndices.asp
* http://money.cnn.com/data/world_markets/asia/

*Colombo, 05 January (asiantribune.com):
Central Bank of Sri Lanka (CBSL) is in a policy decision to allow Sri Lankans to open bank accounts abroad and buy shares and debt of foreign companies as part of a loosening of foreign exchange controls, Central Bank Governor Ajith Nivard Cabraal revealed-
http://www.asiantribune.com/news/2010/01/05/sri-lanka-relax-foreign-exchange-controls-central-bank-governor

mark · 3 Re: can we invest in foreign markets Sat Apr 16, 2011 11:31 am

mark

Expert

Posts : 2677
Equity Stars : 9755
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

The following is a list of the proposed foreign exchange liberalisation moves...

1) Allowing Sri Lankans to open and maintain accounts with banks abroad

2) Allowing Sri Lankans to invest in equity or short term debt instruments in overseas companies

3) Allowing foreigners to invest in rupee denominated debentures issued by local companies

4) Allowing insurance companies to invest part of their assets of the general funds or technical reserves in foreign assets

5) Allowing listed companies to list on foreign stock exchanges

6) Allowing certain foreign companies to open places of business in Sri Lanka

7) Increase level of advance payments for imports

8-Removing restrictions on pre-payment of import bills

9) Removing margin requirements on selected imports under advance payments

10) Providing greater flexibility for forward contracts in foreign currency to cover current and capital transactions

11) Permitting the unification of accounts of foreigners for investment in securities

12) Allowing foreigners on tour or business in Sri Lanka to open Sri Lanka rupee accounts

http://www.lankabusinessonline.com/fullstory.php?nid=2126107538

chamarahs · 4 Re: can we invest in foreign markets Sat Apr 16, 2011 11:35 am

chamarahs

Manager - Equity Analytics

Posts : 101
Equity Stars : 4969
Reputation : 3
Join date : 2011-02-24
Age : 43
Location : Raddolugama

what is the minimum amount can invest......

jake · 5 Re: can we invest in foreign markets Sat Apr 16, 2011 5:56 pm

jake

Equity Analytic

Posts : 31
Equity Stars : 4902
Reputation : 6
Join date : 2011-01-23

I was interested in this too. But could not find broker firms in Sri Lanka who maintain accounts for retail investors in overseas stock exchanges. If someone knows about such a firm please post it here.

mark · 6 Re: can we invest in foreign markets Sat Apr 16, 2011 6:03 pm

mark

Expert

Posts : 2677
Equity Stars : 9755
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

@chamara.............i don't know about the minimum amount..i wondering whether we have guys who invest in foreign markets in this forum....

@jake.........you have to contact a foreign broker,i don't think brokers in srilanka maintain accounts on behalf of srilankan citizens .........

CSE is not bad to me............. cheers

ShareShares · 7 Re: can we invest in foreign markets Sat Apr 16, 2011 6:12 pm

ShareShares

Assistant Vice President - Equity Analytics

Posts : 679
Equity Stars : 5683
Reputation : 152
Join date : 2011-02-02

Sri Lankan market is growing much faster than European and North American markets. Expatriates also opt for CSE rather than those markets.

Antonym · 8 Re: can we invest in foreign markets Sat Apr 16, 2011 9:09 pm

Antonym

Vice President - Equity Analytics

Posts : 1090
Equity Stars : 7454
Reputation : 275
Join date : 2011-02-09

ShareShares wrote:Sri Lankan market is growing much faster than European and North American markets. Expatriates also opt for CSE rather than those markets.

I agree with you. If Sri Lanka sustains this 8% growth trajectory (and brings inflation under control), things will get even better... There are probably more undervalued counters on the CSE than on the more 'mature' Western markets.

Even after it becomes possible to invest in equity abroad, we should be looking at growth economies like Russia & Latin America - not Europe & North America.

tata · 9 Re: can we invest in foreign markets Sat Apr 16, 2011 9:56 pm

tata

Stock Analytic

Posts : 18
Equity Stars : 4878
Reputation : 1
Join date : 2011-01-27

Is there any Sri Lankan Unit Trusts which are exposed to Foreign Markets?

Gaja · 10 Re: can we invest in foreign markets Sat Apr 16, 2011 10:12 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9686
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

All i know also now we can invest in the foreign market, but i don't have any other informations, so anybody familiar can explain in brief

Antonym · 11 Re: can we invest in foreign markets Sat Apr 16, 2011 10:30 pm

Antonym

Vice President - Equity Analytics

Posts : 1090
Equity Stars : 7454
Reputation : 275
Join date : 2011-02-09

@Gaja: The budget proposals listed above have not yet been implemented. I am sure we will hear about it when the relevant circulars are finally issued by the CBSL. Keep in touch with the Foreign Exchange dealers at your bank; they would be the first to know...

Gaja · 12 Re: can we invest in foreign markets Sat Apr 16, 2011 10:43 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9686
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Antonym wrote:@Gaja: The budget proposals listed above have not yet been implemented. I am sure we will hear about it when the relevant circulars are finally issued by the CBSL. Keep in touch with the Foreign Exchange dealers at your bank; they would be the first to know...

Thanks will check

chamarahs · 13 Re: can we invest in foreign markets Sun Apr 17, 2011 10:00 am

chamarahs

Manager - Equity Analytics

Posts : 101
Equity Stars : 4969
Reputation : 3
Join date : 2011-02-24
Age : 43
Location : Raddolugama

is there anyone.. who invest in foreign market... in this forum..... please

ShareShares · 14 Re: can we invest in foreign markets Sun Apr 17, 2011 10:47 am

ShareShares

Assistant Vice President - Equity Analytics

Posts : 679
Equity Stars : 5683
Reputation : 152
Join date : 2011-02-02

I prefer CSE.

StocksWatch · 15 Re: can we invest in foreign markets Sun Apr 17, 2011 2:56 pm

StocksWatch

Assistant Vice President - Equity Analytics

Posts : 720
Equity Stars : 5825
Reputation : 186
Join date : 2011-02-12

chamarahs wrote:is there anyone.. who invest in foreign market... in this forum..... please

Any particular reason for desperately looking for the information about investing in foreign financial markets?

I did invest in a middle east country's financial market but that was when the CSE was not performing well back in the years of 2005/2006. Also I could not directly invest as my investment was with a fund manager who in turn invest in the share market of that country. I still maintain my investment there but for now the best place to invest your money is non other than CSE, IMO.