Where are the next decade's greatest investment opportunities? Veteran investor Marko Dimitrijevic argues that they can be found in frontier markets, which account for seventy-one of the world's seventy-five fastest-growing economies and 19 percent of the world's GDP. Yet many investors ignore them. Fueled by new access to technology and information, frontier markets are emerging even faster than their predecessors, making them an essential component of a globally diversified portfolio.
In Frontier Investor, Dimitrijevic shows through colorful case studies, compelling charts, and fascinating travel anecdotes that it is not only possible but prudent to invest in these unfamiliar and undervalued options. Dimitrijevic explains how frontier markets such as Nigeria, Panama, and Bangladesh are poised to follow the similar paths of Chinese, Indian, and Russian markets, which were considered exotic two decades ago. He details a strategy for how and where to invest, directly or indirectly, to profit from frontier growth. Dimitrijevic covers the risks, political and otherwise, of these markets, the megatrends that promise exciting investment opportunities in the coming years, and the prospects for countries beyond the frontier, including Myanmar, Cuba, and even Iran. Rich with experience and insight, Frontier Investor opens up a whole new world—and worldview—to investors.
- Table of Contents
- Introduction
- Part I: Why Invest in Frontier Markets?
- 1. Emerging Markets Have Emerged
- 2. Frontier Markets Are the New Emerging Markets
- 3. Frontier's Bright Economic Outlook
- 4. "The Young and the Restless": Frontier's Favorable Demographics
- 5. "Can You Hear Me Now?": Frontier's Integration with the Global Economy
- 6. Frontier Equity Markets Offer Value and Diversification
- Part II: How to Invest in Frontier Markets
- 7. The Pitfalls of Passive Management and Advantages of Active Managements in
Frontier Markets
- 8. Do-It-Yourself Investing in Frontier Markets
- 9. Special Situations in Distressed Debt
- 10. Privatizations
- Part III: Risks and Opportunities in Frontier Markets
- 11. Political Risks in Frontier Markets
- 12. Other Risks in Frontier Markets
- 13. Megatrends in Frontier Markets
- 14. Frontiers of Frontier Markets Investing
- Appendix
- Notes
- Index
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