Mena on the move

The investment world is littered with acronyms, and that is as true of emerging markets as anywhere else. As markets open up around the world, investors have new acronyms to contend with, and one such is Mena. Pronounced with a long 'e', it's certainly a prettier name than Bric, but what does it mean? Mena stands for Middle East and North Africa, and is basically a catch-all term for Arab markets. It does not include Israel or Turkey, as some Middle East funds do, and its African exposure concentrates on the belt of countries along the northern seaboard of the continent. Investors are h...