Trendy at last? The rise of frontier markets

Frontier markets are on the cusp of the same trends responsible for transforming global emerging markets from a niche asset class to a mainstream investment destination over the last 25 years. Those trends saw countries that had not been engaged in global trade revolutionise their economies, sparking tremendous growth rates as millions entered the middle classes. Early investors in the asset class were handsomely rewarded as increasing recognition of emerging markets' potential further increased the availability of capital and companies adopted corporate governance best practices. We ...