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- Wiley
More About This Title Frontier - Exploring the Top Ten Emerging Marketsof Tomorrow
- English
English
Get ahead of emerging markets with top-performer picks for up-and-comers
Frontier helps investors successfully navigate markets that are yet to “emerge,” with expert advice on spotting opportunities and minimising risks. With first-hand insights into frontier markets as we travel with big-name fund managers from Mark Mobius to Morgan Stanley, this practical guide ranks countries, stocks and bonds on a five- to ten-year horizon to steer investors toward the most promising destinations. Written in a compelling and accessible travelogue narrative, each chapter covers a specific country, providing invaluable market analysis and a deep understanding of the political, economic, and social background of those most likely to outperform. The key focus is on fresh ideas, based on the assessments from top performing money managers when meeting challenges, hostilities or adversity, and observations after interviewing high-level government officials and executives.
With advanced economies shackled by debt and sluggish growth, investors are increasingly turning to emerging markets for better returns. Yet the money managers who came out on top in China, India, and Brazil are now focusing their attention on markets that have not yet emerged. This book applies the perspective of ten of the most successful fund managers in their field, providing an unparalleled guide to assessing investment potential in places better known for conflict, poverty and corruption.
· Discover which markets have the best prospects, and which are potential disasters
· Analyse individual markets by metrics including macro data, global relative value comparisons of stocks and bonds, buy/ sell triggers, and more
· Learn which industries, stocks and bonds should be considered in each market
· Examine each country through real-life on-the-ground assessment of corruption, conflict and other risks as well as inspirational breakthroughs that signal opportunities
This is a practical manual for all investors - whether students or professionals - wanting to get to know the most promising new markets while avoiding the pitfalls. A must-read for corporate executives seeking global capital, Frontier provides a better understanding of the changing international investment dynamic.
Robin Wigglesworth, FT:
“Invaluable.”
Mark Mobius, Templeton:
“I love it! Beautiful descriptive writing.”
Aliko Dangote, Wealthiest African:
“Captivating tales, masterly woven.”
- English
English
GAVIN SERKIN is the Emerging Markets Editor-at-Large, working with reporters and editors worldwide. He joined Bloomberg in 2000 as Europe's investing reporter, before specializing in emerging markets in 2001. Serkin was previously the Editor of Portfolio International and the News Editor for a group of nine weekly newspapers in London and Southeast England.
- English
English
About the Author xi
Disclaimer xiii
Prologue xv
Introduction to Frontier by Mark Mobius 1
CHAPTER 1 Kenya11
I Mamboz 12
II Can’t Believe You’re Going to Kenya 17
III Sleeping Serpent 19
IV Prowling Leopard 29
V Clinker 39
CHAPTER 2 Myanmar45
I Halcyon Days 46
II Uncle 50
III Yoma 55
IV Son 61
V Gaung Baung 66
VI Monk of Mandalay 73
CHAPTER 3 Romania79
I Ro-man-ee-a! 80
II Systematization 85
III Brown Envelopes 90
IV Mega Mall 94
V Drac-ul-a 99
VI Crossroads 106
CHAPTER 4 Argentina111
I Arbolitos 112
II Del Fin Del Mundo 118
III Vaca Muerta 126
IV Adelante 133
CHAPTER 5 Vietnam137
I Confucius 138
II Aristotle 144
III Panacea 152
IV Equitization 159
V Automata 164
VI From Noodles 167
CHAPTER 6 Nigeria169
I Eko Beach 170
II Crude Politics 178
II Sugar King 192
CHAPTER 7 Egypt199
I Revolution II 200
II Cleopatra 204
III Sahl Hasheesh 211
IV Audacity of Hope 214
V Zahma! 223
CHAPTER 8 Saudi Arabia229
I Virtue and Vice 230
II Socialist Monarchy 239
III Desert Farming 244
IV Opening Bell 248
V White Balloons 252
CHAPTER 9 Sri Lanka255
I Family Economy 256
II China City 262
III Pawn 267
IV Kilinochchi 274
V Rising Sun 287
CHAPTER 10 Ghana291
I Goatanomics 292
II Highlife and Death 299
III Gold Diggers 304
IV Cassava King 310
V Egg and Stone 312
Conclusion – Journey’s End 317
Acknowledgments 385
Index 389
- English
English
“..as a book on emerging markets, Serkin certainly set the standard with ‘Frontier’….a must read for investors wanting to find out how valuation in emerging markets really works” (Financial Times, March 2015)