Big rewards for adventurous investors in frontier markets

There are big potential rewards for adventurers who head to the frontier, says David C Stevenson. Here, he tips two funds for more cautious travellers, and four markets for the true Indiana Joneses.

The developing world seems to be going through another ‘difficult’ stage. Balance- of-payments challenges, tumbling local currencies, foreign investors running for the hills – Turkey and South Africa have all of these problems, with the chance of worse to come.

Yet, these specific emerging markets are just part of a much bigger global developing-markets story. It’s a mistake to avoid investing in the whole sector just [...]

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