Frontier: Exploring the Top Ten Emerging Markets of Tomorrow
Get ahead of emerging markets with top-performer picks for up-and-comers"Frontier" helps investment professionals successfully navigate markets that are yet to emerge, with expert advice on spotting opportunities and minimising risks. With insights into frontier markets from big name fund managers, this practical guide ranks countries, stocks, and bonds on a five- to ten-year horizon to steer investors toward the most beneficial markets. Written in travel-log form, each chapter covers a specific country, providing useful 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 of big-money managers when meeting challenges, hostilities, or adversity, and observations after interviewing top-level government officials and executives.
With advanced economies shackled by debt and recession, investors are turning to emerging markets for better returns. Yet the money managers who came out on top in China, India, Russia, and Brazil are focusing their attention on markets that have not yet emerged. This book uses the perspective of eight of the most successful fund managers, providing an unparalleled guide to assessing growth potential in places better known for conflict, poverty, and corruption.Discover which markets have great potential, and which are potential disastersAnalyse individual markets by metrics including macro data, stock data, bond criteria, triggers, and moreLearn which stocks and bonds should be considered in each marketExamine each market as ranked by data and the consensus amongst fund managers
This book is a guide to getting to know the most promising new markets while avoiding the pitfalls. A practical manual for investors, and a must-read for executives seeking global capital, "Frontier" provides a better understanding of the changing international investment dynamic.
world to put your money? So far this decade, it’s a country deemed so doomed it’s listed with the ten most fragile states; a place where modern-day slavery, violence and the breakdown of law and order rank it among the three worst hellholes on the planet.1–4 Between deadly attacks by the Taliban, strikes by US drones and the secret missions to monitor Osama bin Laden, shares in Karachi soared, extending 1000% gains this century.5 It’s not just Pakistan. In the face of terror and global economic
Group. His Templeton Emerging Markets Investment Trust returned 360% in the past ten years, ranking No. 2 among peers. 1 Trim: 152 mm x 229 mm 2 cintro.indd 01/19/2015 Page 2 Frontier Over the past 25 years we’ve seen emerging markets grow into a multi-trillion dollar asset class. But today, we have the opportunity to invest in a whole new set of emerging markets: the frontier markets. It’s widely recognized that these are the emerging markets showing even quicker growth. In the past
potential for a positive surprise from the economy. t When I was here last, they had just appointed Spurny to restructure BCR. It was a big mess but he was sure he would make it work. Erste shares traded at 15 euros then and almost doubled a year later. I sold at 24 in early 2013 as I was worried the price had gone too far. Trim: 152 mm x 229 mm Romania c03.indd 01/22/2015 Page 93 93 t BRD was in big trouble with its non-performing loans. They made a lot of foreign-currency loans. The
Fertilizer 4.2% Source: Data compiled by Bloomberg as of December 2014 Endnotes 1. Vietnam News Agency (2013), Speeding drivers need to think twice, Available at: http://en.vietnamplus.vn/Home/Speeding-drivers-need-to-think-twice/ 20137/36328.vnplus. 2. World Economic Outlook Database (2014) International Monetary Fund. Available at: http://www.imf.org/external/pubs/ft/weo/2014/01/weodata/weorept.aspx?sy=1980&ey=2013&scsm=1&ssd=1&sort=country&ds=.&br=1&c=
people are getting richer and they’re looking for quality of life. Q: I’ve been reading about TH Milk. How does their strategy complement or compete with yours? A: They focus on fresh milk, and fresh milk is only a portion of the total. Q: Do you see demand growing for fresh milk as people become richer? A: The problem is refrigeration. We have pasteurized milk but we only sell it in the supermarkets where we are conﬁdent about the quality. Pasteurized can’t sell in an open market. The trend is