Frontier markets

John Authers

Today’s Note video is on Frontier Markets. In theory, they should be exciting, offering the chance of real upside for the bold that Emerging Markets once did. In practice, FM equities have been mediocre over the last few years, while spreads on FM debt has tightened so sharply as to raise questions about how discriminating the buyers have been. The video, with Robin Wigglesworth, is here:

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