U.S. Is Preparing New Measures To Allow More Financial Support For Small Private Businesses In Cuba
Portfolio Pulse from Benzinga Newsdesk
The U.S. government is reportedly preparing new measures to allow more financial support for small private businesses in Cuba, according to a source familiar with the matter.
September 18, 2023 | 5:10 pm
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POSITIVE IMPACT
The new measures from the U.S. government could potentially benefit the Herzfeld Caribbean Basin Fund (CUBA) by increasing the financial support for small private businesses in Cuba.
The Herzfeld Caribbean Basin Fund (CUBA) is an ETF that invests in companies that are likely to benefit from economic, political, structural, and technological developments in the countries in the Caribbean Basin, which includes Cuba. If the U.S. government is indeed preparing new measures to increase financial support for small private businesses in Cuba, this could potentially lead to an increase in the value of the companies that the fund invests in, thereby benefiting the fund itself.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The new measures from the U.S. government could potentially have a minimal impact on the SPDR S&P 500 ETF (SPY) as it is a broad market ETF and the impact of these measures on the overall U.S. market is likely to be small.
The SPDR S&P 500 ETF (SPY) is a broad market ETF that tracks the S&P 500 Index. The new measures from the U.S. government to increase financial support for small private businesses in Cuba are unlikely to have a significant impact on the overall U.S. market, and therefore, the impact on SPY is likely to be minimal.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20