Investors steer clear of frontier markets
Before the collapse of Lehman Brothers, frontier markets, particularly those in the Middle East and North Africa, were hot. Since then, the smaller and less-liquid markets have cooled considerably because investors are concerned with risks they were previously willing to overlook. The catalysts that could change the fortunes of frontier markets are increasing oil prices and an improvement in investor appetite for risk, according to Merrill Lynch.
AsianInvestor.net | 08 Apr.
This story published in SIFMA Global SmartBrief on 04/08/2009
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