Frontier markets - those considered too risky, illiquid or small to enter most emerging markets indexes - can offer huge rewards for those investors brave enough to go exploring
Fears of a full-blown trade war and slowing economic growth appear at odds with the progress being made by companies around the world.
Iceland "compelling opportunity from rates and FX perspective"
The 'Europe is going Japanese' fear has driven a big re-rating and outperformance of growth stocks relative to value year to date.
The Japanese equity market has seen net outflows in the past 12 months, with concerns over global growth and the trade war weighing on investor sentiment in the region.
Equity markets are being driven by the fact that bond yields have collapsed.