Frontier Markets
Jun 13th, 2008 | By Chris Mayer | Category: Politics & EconomicsOn their own merits, as growing economies, I like frontier markets for the long haul. Unfortunately, only institutions can buy Merrill’s index for now. But individual investors can still invest in frontier markets through mutual funds. The recently launched T. Rowe Africa & Middle East Fund (TRAMX) is one. Just be sure you can stomach the major gyrations that come with working the frontier of investing.
I’m also watching the activities of individual companies in these markets. This may be a safer way to go - a back door into the frontier markets, you might say. Many of our companies are in these markets one way or another. Take Hutchison Telecom (NYSE: HTX), for example. It’s got businesses in Vietnam, Ghana, Sri Lanka and Indonesia.
In any case, I think frontier markets will have a bigger role to play in portfolios in the years ahead, whether they are truly non-correlated or not. Worst case, you’ll lose money in many different languages, not just English.
Regards,
Chris Mayer
Source: Frontier Markets
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Chris Mayer is the editor of Capital and Crisis and Mayer's Special Situations. His contrarian essays have appeared on a number of websites and publications including the Mises Institute, the Freeman, GoldEagle.com, LewRockwell.com, FiendBear.com, PrudentBear.com and Individual Investor Magazine.
