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By Kevin Daly, Emerging Market Debt Portfolio Manager
Investor interest in Frontier Markets has been increasing over the past several years as investors seek to diversify into the new sub-set of emerging markets. Market commentators have also jumped on the bandwagon, talking up the prospects of these new destinations. Frontier Markets, have, however, been around for some time now. The phrase Frontier Markets was actually coined in 1992 by the International Finance Corporation. Back then, there were few investment opportunities in Frontier Markets, but investing in countries like Brazil, Mexico, Argentina and Russia was considered to be exotic, and very much Frontier-like. Today, Frontier Markets are still associated with much smaller countries that in many...
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