Kurdistan Region of Iraq Report

Mark DeWeaver, co-founder of Quantrarian Capital Management - a DC-based emerging markets hedge fund - and author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World's Emerging Economic Giant, reveals the secrets to investing in Iraqi stock market.

According to DeWeaver, "there's really no way to pick stocks in the Iraqi market because no matter how much you like the story, there's always going to be idiosyncratic company risk. This has nothing to do with the growth potential."

Therefore, the best way to invest in Iraq is to diversify the risk. Since almost 80% of the companies listed on the Iraqi Stock Exchange are banks, an investor should spread the funds across multiple institutions.