Frontier Market Investing: What’s the Value Add?
Abstract
We propose that this chapter will assess the value of frontier markets from an investment perspective. The work we have already completed using a regime switching model in this area will be utilized, showing evidence that the value add of frontier markets is to improve the level of risk-adjusted returns while the extreme correlation of frontier markets in both bear and bull markets also has a positive effect on the overall investment. The growth projections of frontier markets, coupled with the lowering of international regulatory and liquidity ...
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