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Book Description

Get ahead of emerging markets with top-performer picks for up-and-comers

Frontier helps investors successfully navigate markets that are yet to "emerge," with expert advice on spotting opportunities and minimising risks. With first-hand insights into frontier markets as we travel with big-name fund managers from Mark Mobius to Morgan Stanley, this practical guide ranks countries, stocks and bonds on a five- to ten-year horizon to steer investors toward the most promising destinations. Written in a compelling and accessible travelogue narrative, each chapter covers a specific country, providing invaluable market analysis and a deep understanding of the political, economic, and social background of those most likely to outperform. The key focus is on fresh ideas, based on the assessments from top performing money managers when meeting challenges, hostilities or adversity, and observations after interviewing high-level government officials and executives.

With advanced economies shackled by debt and sluggish growth, investors are increasingly turning to emerging markets for better returns. Yet the money managers who came out on top in China, India, and Brazil are now focusing their attention on markets that have not yet emerged. This book applies the perspective of ten of the most successful fund managers in their field, providing an unparalleled guide to assessing investment potential in places better known for conflict, poverty and corruption.

  • Discover which markets have the best prospects, and which are potential disasters

  • Analyse individual markets by metrics including macro data, global relative value comparisons of stocks and bonds, buy/ sell triggers, and more

  • Learn which industries, stocks and bonds should be considered in each market

  • Examine each country through real-life on-the-ground assessment of corruption, conflict and other risks as well as inspirational breakthroughs that signal opportunities

  • This is a practical manual for all investors - whether students or professionals - wanting to get to know the most promising new markets while avoiding the pitfalls. A must-read for corporate executives seeking global capital, Frontier provides a better understanding of the changing international investment dynamic.

    Robin Wigglesworth, FT:

    "Invaluable."

    Mark Mobius, Templeton:

    "I love it! Beautiful descriptive writing."

    Aliko Dangote, Wealthiest African:

    "Captivating tales, masterly woven."

    Table of Contents

    1. Title Page
    2. Copyright
    3. Dedication
    4. About the Author
    5. Disclaimer
    6. Prologue
      1. Endnotes
    7. Introduction to Frontier
      1. Endnotes
    8. Chapter 1: Kenya
      1. I — Mamboz
      2. II — Can't Believe You're Going to Kenya
      3. III — Sleeping Serpent
      4. IV — Prowling Leopard
      5. V — Clinker
    9. Chapter 2: Myanmar
      1. I – Halcyon Days
      2. II – Uncle
      3. III – Yoma
      4. IV – Son
      5. V – Gaung Baung
      6. VI – Monk of Mandalay
    10. Chapter 3: Romania
      1. I – Ro-man-ee-a!
      2. II – Systematization
      3. III – Brown Envelopes
      4. IV – Mega Mall
      5. V – Drac-ul-a
      6. VI – Crossroads
    11. Chapter 4: Argentina
      1. I – Arbolitos
      2. II – Del Fin Del Mundo
      3. III – Vaca Muerta
      4. IV – Adelante
    12. Chapter 5: Vietnam
      1. I – Confucius
      2. II – Aristotle
      3. III – Panacea
      4. IV – Equitization
      5. V – Automata
      6. VI – From Noodles
    13. Chapter 6: Nigeria
      1. I – Eko Beach
      2. II – Crude Politics
      3. III – Sugar King
    14. Chapter 7: Egypt
      1. I – Revolution II
      2. II – Cleopatra
      3. III – Sahl Hasheesh
      4. IV – Audacity of Hope
      5. V – Zahma!
    15. Chapter 8: Saudi Arabia
      1. I – Virtue and Vice
      2. II – Socialist Monarchy
      3. III – Desert Farming
      4. IV – Opening Bell
      5. V – White Balloons
    16. Chapter 9: Sri Lanka
      1. I – Family Economy
      2. II – China City
      3. III – Pawn
      4. IV – Kilinochchi
      5. V – Rising Sun
    17. Chapter 10: Ghana
      1. I – Goatanomics
      2. II – Highlife and Death
      3. III – Gold Diggers
      4. IV – Cassava King
      5. V – Egg and Stone
    18. Conclusion: Journey's End
      1. Journey's End
      2. Trading at the Frontier: Practical Guidance Notes
    19. Acknowledgments
    20. Index
    21. Supplemental Images
    22. End User License Agreement
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