All boats rose with the tide in the recent frontier market rally. But for more discerning investors, Nigerian banks, Saudi Arabian healthcare and the Pakistani stock market all stand out as innovative ways to play the next market leg-up. Duet manager Hedi Ben Mlouka explains.
Despite the recent rally, frontier markets still offer notable investment opportunities thanks to developing secular investment themes as well as good diversification opportunities given their low correlation to rest of the world. Most frontier market economies are indigenously driven and have structural investment barriers that make these markets less susceptible to fast money flows and risk-on/risk-off trades. The positive demographics of frontier markets are well known, with young populations driving consumption growth across Asia, Latin America and Africa. Nigerian banks A ...
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