The Herzfeld Caribbean Basin Fund Inc. is a closed-ended equity mutual fund launched by Thomas J. Herzfeld Advisors, Inc. The fund is managed by Herzfeld/Cuba. It invests in the public equity markets of the United States. The fund employing fundamental analysis investing in stocks of companies that are likely to benefit from economic, political, structural and technological developments in the countries in the Caribbean Basin, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela. It invests in stocks of companies operating across diversified sectors. The Herzfeld Caribbean Basin Fund Inc. was formed on March 10, 1992 and is domiciled in the United States.
Strap in because Castro passing away is going to bring a lot of attention to Cuba and the equity here that has that name. The holdings of this vehicle are not exactly in Cuba, its more related the everything that may benefit, like cruise liners, but most people do not care about that!
For the last few weeks I have noticed Yahoo has been having problems. Last Friday I could hardly use my portfolio's over there.
Found some of the holdings in the annual report: Largest Portfolio Positions % of Net Assets MasTec, Inc. 7.59% Copa Holdings, S.A. 6.66% Royal Caribbean Cruises Ltd. 6.25% Lennar Corporation 5.75% Norwegian Cruise Line Holdings Ltd. 4.46% Consolidated Water Co. Ltd. 4.26% Seaboard Corporation 4.20% Carnival Corporation 3.83% Watsco Incorporated 3.58% Avianca Holdings, SA Spon ADR 2.99%
