This is probably the definitive example of foreign relations benefiting Wall Street.

November 28, 2016

By Adam Shell

Some investors (click here) are betting on better economic ties between the U.S. and Cuba after the death of long-time Cuban leader Fidel Castro, pushing up shares of a fund with the ticker symbol CUBA that would benefit from a resumption of trade between the two countries.

The nearly 11% jump Monday of closed-end fund Herzfeld Caribbean Basin Fund (CUBA) comes despite tough talk from president-elect Donald Trump that suggests a continuation of the chilly relationship between the two countries.

The rally signals hope that Fidel Castro’s death will pave the way for better U.S. - Cuba relations and create opportunity for U.S. companies....