Frontier Stocks Score Rare Big Win Over More-Developed Markets
- MSCI's index rose last month as other world gauges fell
- Citi says stabilizing oil prices was the main driving factor
This article is for subscribers only.
Frontier stocks outperformed the worldwide equities market last month by the most in almost two years.
The MSCI Frontier Markets Index rose 3.5 percent in February, besting the MSCI All-World Index of both emerging- and developed-country stocks by 4.4 percentage points, the most since April 2014. The gauge has beat the rest of the world by more than that on only 11 occasions in the past decade.