Agricultural investors seem more eager to travel to developing countries than peers in other asset classes. Why is that?
In the mind of many investors, emerging markets used to be synonymous with the Wild West. These were lands where you could get rich in no time – provided you knew where to dig for gold, could dodge a few political bullets and navigate a complex business climate. EMs are now less wild than they used to be, but investors’ risk aversion remains: it is rare to see them cohabitate with OECD markets within an infrastructure or PE mandate. Mostly, they remain the purview of specialists.
This is an excerpt of a story I wrote for Agri Investor. Click here to read in full