frontier markets

Frontier markets feel the love as emerging peers crumble 0

Frontier MarketsSource: CNBC

As emerging markets continue to fall from grace, their less high-profile frontier peers are stealing some of the spotlight.

A recent report from Bank of America Merrill Lynch showed that while some $2.1 billion exited emerging market funds from January to mid-August, frontier market funds saw inflows of $1.5 billion in the same period. More…

Relationship with Indonesia raised to the level of strategic partnership 0

Indonesian President Susilo Bambang Yudhoyono receives Vietnamese President Truong Tan Sang in Indonesia. — VNA/VNS Photo Nguyen Khang

Indonesian President Susilo Bambang Yudhoyono receives Vietnamese President Truong Tan Sang in Indonesia. — VNA/VNS Photo Nguyen Khang

Reposted from Vietnam News

Vietnamese President Truong Tan Sang and Indonesian President Susilo Bambang Yudhoyono officially announced the upgrade of Viet Nam-Indonesia relations to a strategic partnership during their talks in Jakarta yesterday.

The talks took place following a state welcome ceremony held the same day for the Sang on his official State visit to Indonesia at the invitation of Yudhoyono.

The upgrade of the Viet Nam-Indonesia relations to a strategic partnership was grounded on the traditional friendship and all-faceted co-operation that had unceasingly grown in the past 60 years, the two leaders said.

It aimed to bring the two countries’ ties to a new height, for the sake of each country’s people as well as for peace, stability, co-operation and prosperity in the region and the world, the presidents said. More…

Frontier stocks beat world on Dubai, Vietnam growth 0

Cyclists ride past Hanoi Stock Exchange in downtown Hanoi. Vietnam’s VN Index has increased 3.9 percent since May 22, extending its gain this year to 26 percent. Photo: AFP

Cyclists ride past Hanoi Stock Exchange in downtown Hanoi. Vietnam’s VN Index has increased 3.9 percent since May 22, extending its gain this year to 26 percent. Photo: AFP

Reposted from Thanh Nien News

The world’s least-developed markets are proving the most resilient to the three-week selloff that has erased $1.9 trillion of global equity value.

While the MSCI All-Country World Index of shares in advanced and emerging nations has lost 3.2 percent since May 22 amid speculation the Federal Reserve will pare monetary stimulus, the MSCI Frontier Markets Index returned 0.7 percent including dividends. Thirteen of the 15 top-performing stock gauges are in frontier countries, where the mean market value of $49 billion compares with almost $19.5 trillion in the U.S.

Fewer links to international capital markets have shielded smaller nations from a retreat that dragged down 52 of 72 equity indexes tracked by Bloomberg since May 22. Stocks in frontier markets also got a boost from the transfer of power between civilian governments in Pakistan and a rebound in Dubai real estate. Advance Emerging Capital and Morgan Stanley Investment Management are betting on more gains. More…

Frontier stocks beat world on Dubai, Vietnam growth 0

Cyclists ride past Hanoi Stock Exchange in downtown Hanoi. Vietnam’s VN Index has increased 3.9 percent since May 22, extending its gain this year to 26 percent.

Cyclists ride past Hanoi Stock Exchange in downtown Hanoi. Vietnam’s VN Index has increased 3.9 percent since May 22, extending its gain this year to 26 percent.

Reposted from Bloomberg
By Michael Patterson & Weiyi Lim

The world’s least-developed markets are proving the most resilient to the three-week selloff that has erased $1.9 trillion of global equity value.

While the MSCI All-Country World Index of shares in advanced and emerging nations has lost 3.2 percent since May 22 amid speculation the Federal Reserve will pare monetary stimulus, the MSCI Frontier Markets Index returned 0.7 percent including dividends. Thirteen of the 15 top-performing stock gauges are in frontier countries, where the mean market value of $49 billion compares with almost $19.5 trillion in the U.S. More…

Not out of the woods 0

Myanmar certainly deserves credit for beginning an impressive process of transformation

Myanmar certainly deserves credit for beginning an impressive process of transformation

Reposted from Dawn.com
By Shada Islam

FOR some it’s the new El Dorado. Foreign investors are lining up to do business in Myanmar, a once-pariah nation which only a couple of years ago was almost as isolated as North Korea today. More…

Leopard Cambodia Fund LP Invests in Engage Resources (Thailand) Co. Ltd. 0

Leopard Cambodia Fund has invested in a Thai company that produces kenaf

Leopard Cambodia Fund has invested in a Thai company that produces kenaf

Phnom Penh, Cambodia – Leopard Capital LP announced today that Leopard Cambodia Fund LP has invested in Engage Resources (Thailand) Co. Ltd. (“Engage”), a producer and developer of kenaf-based products. Kenaf is a fibrous plant used in the animal feed, construction, and paper & pulp industries. Leopard Cambodia Fund’s investment provides growth capital required for Engage to continue its product development and to expand its operations from Thailand into Cambodia. This growth capital injection will contribute to Engage’s product development, add value to its core business, and assist its regional expansion by drawing on Leopard’s local experience and networks. More…

Mongolia says production at Rio´s Oyu Tolgoi mine to start in June 0

mongolia_21
Reposted from !Yahoo Finance
By Digital Look

LONDON (ShareCast) – Disagreements between Rio Tinto (Xetra: 855018 – news) and the Mongolian government over the Oyu Tolgoi copper and gold mine will not halt a planned June start for commercial production, officials have stressed.

Rio Tinto and Mongolia have been tussling over the future of the world’s largest untapped copper deposits as the mine looks set to increase output. More…

Money Manager Looks to Africa for Fast-growing Economies 0

Africa's growing consumer class is attracting the attention of investors

Africa’s growing consumer class is attracting the attention of investors

Reposted from The Milwaukee Journal Sentinel
By Kathleen Gallagher

To find a large number of the world’s fastest-growing economies, investors must look past Asia and South America to a less likely place: Africa.

In the United States, when a consumer buys a new car, it’s often a replacement for an older car, said Robert J. Bukowski, managing director at Alpha Investment Consulting Group in Milwaukee.

“In Africa, they’re buying their first washing machine ever, and their first car, and installing their first bathroom. That’s truly real growth,” he said. More…

Are Frontier Markets Ready for Prime Time? 0

0306_frontier_630x420Reposted from Bloomberg Businessweek
By Roben Farzad

By all means, countrymen, go ahead and celebrate our Dow Jones industrial average at a record—however 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. More…

Frontier Markets: How second-generation emerging markets became today’s hottest investment story. 0

Dhaka Stock Exchange, Bangladesh

Dhaka Stock Exchange, Bangladesh

Reposted from Foreign Policy
By TY MCCORMICK

Remember the heady days of just a couple of years ago, when China’s economy was growing at near double-digit rates? No longer. The BRICS are still growing, of course, but their wild teenage years are coming to an end. And as these markets have begun to cool, investors are venturing even farther afield. The new buzz is about “frontier markets,” a motley collection of dynamic countries — from Persian Gulf petrostates to mineral-rich African countries — that promise rapid growth and low correlation to developed (and troubled) markets like the eurozone. But politics in these countries often matter as much as economics. Corruption, political instability, and weak-to-nonexistent regulatory infrastructure are common on the investment frontier. Then again, so are the jaw-dropping returns that have made these markets hot. In other words, these are the markets that have the potential to boom when everyone else is going bust — even if they can blow up at a moment’s notice. More…

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