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FRONTIER MARKETS: WHAT INVESTORS SHOULD KNOW
5/4/2012
Investors often tremble when considering "frontier markets"a term coined in 1992 to describe a subset of small and illiquid emerging stock markets. Yet as CFA's David Larrabee spotlights, some of the most attractive opportunities for investors today can exist in frontier markets like Romania and sub-Saharan Africa. For investors looking for growth, frontier markets can deliver. They offer attractive risk-adjusted returns with low correlation to developed markets. As Larrabee argues, the notion that frontier markets are inhospitable investing outposts where corruption abounds is incomplete
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