Thursday, November 29, 2007
Frontier-Market Funds Seen to Take Off
by:
Armie Margaret Lee
In today's
Wall Street Journal Fund Track column, Claudia Assis writes about the growing investor interest in frontier markets in developing nations. Stocks from frontier markets -- less liquid, smaller "emerging" emerging markets -- are poised to become what Assis calls "next year's darlings in emerging-market investing." In January, HSBC is planning to unveil a frontier-market fund, which will not be available in the U.S. Assis writes that other banks are seen to follow HSBC's footsteps and come out with frontier-market funds of their own offerings. Meanwhile, index provider MSCI plans to launch a frontier-market index, which will include 19 countries.
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