Frontier Markets is an economic term which was coined by IFC’s Farida Khambata in 1992. It is commonly used to describe a subset of emerging markets (EMs).
Frontier markets (FMs) are investable but have lower market capitalization and liquidity than the more developed emerging markets. The frontier equity markets are typically pursued by investors seeking high, long term returns and low correlations with other markets.
Building Business Abroad: Salamanca Group's Heyrick Bond Gunning on Warzones and Frontier Markets [VIDEO]
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