Frontier market managers have said their benchmarks are becoming "increasingly irrelevant" as major index constituents get upgraded to emerging markets, with implications noted for passive investors in the region.
Managers are also concerned about increasing concentration risk following the upgrades, due to a shortage of markets mature enough to be given frontier status and replace incumbents. Frontier markets...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
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Designed to park short-term cash