The Borat Trade: Four Kazakhstan Plays Are Very Nice

Editor's note: This column was submitted by Stockpickr member Winston Kotzan.

Kazakhstan has been making the news lately, and this time it's not just because of Borat.

A recent article in Barron's on emerging markets cited this rising star in central Asia as a prospective addition to Progressive Asset Management's Advance Frontier Markets Fund, a fund of funds that makes pioneer-type investments in hinterland nations.

Much like neighboring China, Kazakhstan sustains a 9%-plus GDP growth. But unlike resource-hungry China, Kazakhstan is a supplier of raw materials. Its vast reserves of oil, natural gas and uranium near the Caspian Sea are the reason for a flood of foreign investment. ...