CUBA - CUBA Is Not A Closed-End Fund I Would Want To Own

December, 10 2021 08:00 AM The Herzfeld Caribbean Basin Fund Inc.

Almost like a 2014 Christmas present to the Castro government, President Obama opened the door to more US interaction and investments with the country of Cuba. Investors jumped onboard.
Despite its name or ticker, this closed-end fund has few equities actually incorporated in the Caribbean basin. How that is possible is explained. Owning Cuban securities is illegal under federal law.
As with its ticker namesake, there is not much to like about CUBA, and thus my Very Bearish rating if an investor was looking to diversify their equity allocation geographically.

For further details see:

Company Name:	The Herzfeld Caribbean Basin Fund Inc.
Stock Symbol:	CUBA
Market:	NASDAQ