Are Frontier Markets Ready for Prime Time?

Frontier markets represent 30 percent of the world’s population, crammed into some of its fastest-growing economies Photograph by Frans lanting/Gallery Stock

By all means, countrymen, go ahead and celebrate our Dow Jones industrial average at a recordhowever nominal that milestone may be. But perhaps you’re looking for a place to put your money that doesn’t move in lockstep with the U.S. market—at a time when just about everything, including mortgage bonds, traditional emerging markets, and bank loans, does. That place would be the universe of booming small developing markets, which you can now access, substantially, with the help of some newfangled exchange-traded funds.

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