by eluta.caSearch Jobs at eluta. Resource-rich Nigeria has moved ahead of South Africa as the largest economy in Africa. (Akintunde Akinleye/REUTERS) Resource-rich Nigeria has moved ahead of South Africa as the largest economy in Africa. For rapid growth, Africa is the new China Add to ... Published Friday, Apr. Last updated Friday, Apr. License AA The latest hot investing sector to bottom out: Emerging markets. Once a favourite of investors amenable to living on the knife edge of risk and reward, emerging markets have been dragged down by their slowing economic growth. Many strategists suggest investors forget about emerging markets for now and instead put money in developed economies like the United States and Europe. Globe and Mail Update Feb. Another thought is to consider frontier markets, a subset of emerging markets with economies that are still in the rapid growth phase. Examples: Argentina, Bangladesh, Kazakhstan, Pakistan, Vietnam and the African nations of Kenya and Nigeria. “People are very excited about Africa,” said Gavin Graham, chief strategy officer at Integris Pension Management and co-author with Al Emid of Frontier Markets for Dummies. “It’s the new China. You’ve got demonstrable improvement in political and corporate governance, and you’re starting to see some fairly major growth in GDP. The possibilities there are very attractive. Mr. Graham describes frontier markets as being what major emerging markets such as Brazil, Russia, India and China – often grouped together as the BRIC nations – were 15 to 20 years ago. That is, fast-growing economies attracting a lot of foreign interest. These countries still have growing economies, but the momentum has faded. India’s economy grew last year by 4.4 per cent, compared to 9 per cent before the global economic crisis. China’s economy grew by 7.4 per cent in the first quarter of this year, down from a long-term average rate close to 10 per cent. It’s numbers like these that have prompted global investors to take profits in emerging markets over the past year or two. Oil-rich Nigeria is an example of both the risks and rewards of investing in frontier markets. After a revision of its economic data, the country recently moved ahead of South Africa as the African continent’s largest economy. The financial rating analysts at Moody’s say Nigeria’s economy will rank among the world’s 15 largest by 2050. These indicators of growing economic success have produced a 12-month gain of 21.2 per cent for the Nigerian Stock Exchange All Share Index. But Nigeria has also been battling a ruthless insurgency that threatens its economic growth. This week, 75 people were killed after an explosion at a bus station. A day later, gunmen killed a pair of guards at a school and kidnapped some 100 female students. Looking at the broad frontier market group of countries, Mr. Graham sees some demographic advantages that will help economic growth. Birth rates are coming down, the populations are skewed to a younger age than Western countries and work forces are expanding. “And, you’ve got lots of people moving from the country to the city, which is where you get the big, explosive growth that you saw in India, China and Southeast Asia. The dynamic growth of frontier markets explains why the MSCI Frontier Markets Index surged 25 per cent for the 12 months to April 15 in U.S. dollars, while the MSCI Emerging Markets Index fell 0.3 per cent. For the past three years, the frontier index averaged gains of 4.7 per cent and the emerging markets index fell 5.4 per cent annually. In terms of volatility, frontier markets will give you all you can handle. The MSCI Frontier Markets Index lost 54 per cent in 2008 and 18.4 per cent in 2011, but gained 72.7 per cent rise in 2005. The investment industry, with its innumerable emerging market funds, has been cautious with frontier market products. The one big name in the sector, the $82.4-million Templeton Frontier Markets Class, was closed to new investors in June, 2013, to help the company manage the flow of money going into frontier market stocks. The fund’s 19.4-per-cent return for the 12 months to March 31 was far better than the 2.8 per cent average for emerging market funds. The lack of mutual fund options means investors must look at exchange-traded fund options. The iShares MSCI Frontier 100 ETF (FM): Close to 60 per cent of the fund is in Kuwait, United Arab Emirates and Qatar; the fees are high at 0.79 per cent. The Guggenheim Frontier Markets ETF (FRN): Fees at 0.7 per cent, and a weighting of roughly 70 per cent in Chile, Argentina and Colombia. The Global X Next Emerging & Frontier ETF (EMFM): Emerging markets like Malaysia, South Africa and Mexico take precedence over frontier markets like Vietnam, Pakistan and Nigeria; fees at 0.58 per cent. Mr. Graham suggests putting 5 to 10 per cent of your portfolio’s international exposure into frontier markets, and he thinks that reallocating this money from emerging market funds makes sense. This portfolio tweak isn’t just about reaching for higher returns. According to Mr. Graham, frontier markets are also an effective way to diversify your portfolio. Years back, one of the arguments in favour of holding emerging markets was that the stocks from these countries weren’t correlated with developed markets. Mr. Graham said frontier markets are now a better way than emerging markets to get some portfolio content that won’t rise and fall in the same way as Canadian, U.S. and other developed markets. His explanation: Because they’re less developed, frontier markets are more influenced by domestic events than global events. Mr. Graham expects frontier markets to produce the same returns over the decade ahead as emerging markets did in the past decade, which is about 7.5 per cent a year on average. If you’ve been looking at investing in emerging markets based on this past performance, shift your focus to frontier markets. We have rude relatives at the dinner table. Watch the unique way endangered caribou are being saved in B.C. U.S. Digital all access pass across devices. Newspaper delivered to your doorstep. The digital replica of our newspaper. A collection of articles by the Globe. GlobeLink. Your number one partner for reaching Canada's Influential Achievers. Terms & ConditionsPrivacy PolicyDisclaimerAccessibility PolicyCommunity GuidelinesGlobe sustainabilityEditorial Code of ConductRestrictions© Thomson Reuters 2012.All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. ‘Thomson Reuters’ and the Thomson Reuters logo are trademarks of Thomson Reuters and its affiliated companies. Globe Investor is part of The Globe and Mail's Report on BusinessSelected data supplied by Thomson Reuters.© Thomson Reuters Limited. Click for Restrictions . © Copyright 2014 The Globe and Mail Inc. All Rights Reserved. 444 Front St. W. Phillip Crawley, Publisher Add to Watchlist Add to Watchlist We've run into a glitch. Please try again later.We've run into a glitch. Please try again later. Floating floral arrangements for pools pictures Is bridgit mendler from engine Concept map of dvt Unblocked music websites for school Body sweats and body aches Amino acids will help lightheadeness Coco austin feetoco Google play store app download kindle fire hd List of unused 3ds prepaid card numbers Tg caption politic Match.com promo code may Codeine phosphate fatal dose Barr laboratories adderall recall Brothersex sister Helpmejackoffmom Fratpad video diego Amy reimann picture Mama y hijos culiando Crucible vocabulary list definitions Free crochet pod patterns for babies Event proposal sample Vocabulary workshop sadlier-oxford level e answersocabulary Nysco bronx ny Muscular system coloring sheets free Mario on tuba 704 nims answers as of 2012 Dorsal view of a heart A poem to a special friend for her 50 birthday Baby looks strange on 3d ultrasound Order online cheap 25mg ephedrine hcl pill Homemade gift ideas your boyfriend Large script stencil letters to print Example negative counseling Animated clip art english hunters 21st birthday dare list1st birthdat How to hack cell phone pics online Sophia lares bounce Cool sigs for your phone Kelly services paystubelly services pa Cool bulletin board ideas Maa ka moot Tscott steiner before and after steroids Sample soap note occupational therapy The skin integumentary system review sheet exercise 6 answers One man one jar watch now Tampon wont go in and hurts Andrea rincon video Alin hernandes en play boy Answers for vocab workshop level g Bio quotes on face book Acedemic suspension appeal letter sample Lesbin teacher punish student Myspace 2.0 corvette layouts Cheap pole barns sale Celtic cable cable pattern Alice in wonderland neopets guild layout Sew in styles for black womenp Watching nasty wife stories Resources for nursing diagnosis, acute pain Fratmen max pics Free shed plans for $550 Cheat codes for alchemy for kindle fire Queer as folk uk soundtrack Dasha ls model images Cute boyfriend rhythms Super smash flash 2 demo v0.8 free download on flash player Idaho demand letter sample Milena vela barbeque One point perspective handout Love letters for anniversary to a boyfriend Wise guys extreme sports Mins in heaven dirty long Network unlock code for tmobile Nice things to say to a alpha kapp Free doctor cv sample pdf Manioc health benefitsanioc health benefits Miss teen naturist Tmouth herpes pictures inside mouth Anak sma bandung bugil Free business administration resumes Entire body hot 21st birthday night quotes Cooper tire definity dakota Music from meet the robinsons Brandi schulz see thru 2 guys one horse death Happy birthday quotes neice Fly nickname generator College informative speech topics Cheap airsoft sniper in canada Man s slouch hat Fall powerpoint templates Secret service christmas ornament Madres follando con sus hijo Cloze activities for middle schoolloze activities for One guy one horse mobile download Nitrogen cycle coloring diagram How to make a trex motorcycle Cat goddess 13.wmv The sprouse twins coloring pages European tech deck Gf revenge full online 64 texan, for sale Wife knotted videoife knotted video Trucking software Snorting cocaine effects Derrick rose fantasy basketball team names Prices on custom made hello kitty fire arms Funny award categories for teachers Pink black nike elite socks Andi pink workout ndi pink workout Social studies associate degrees ashford university Acana dog food couponscana dog food coupons Hombres cojiendo hombres videos Massachusetts driving manual audio Free playgirl model pics Hijo follado dormido List of signatures for text messages Alaska airlines mission Dares for money Emoticons msn clipart 2010 mazda3 bodykitm Hydrocodone ibu 7.5-200 tab get high Sadlier-oxford vocabulary workshop level f review units 1 3 answers 1 year anniversary in heaven Texas tdcj inmates mugshots Sample dissertation acknowledgments Exploited moms regan Ascii shapes happy birthday Ch.19 bacteria and viruses test and answers Pictures of hermaphrodite genitaliaictures ofermophdite Car allowance regulations Now pic alison anjel The pokerist chips and gold hack torrent Worksheets for third graders working on two digit multiplication Make friendship bracelet letters instructions Birthday to someone who is passed Free straight talk ringtones no cost Melissa rauch sex scene Abecedario en korea Buy appdev windows presentation foundation for visual c sharp 2010 (1 dvd) low cost Birthday cake text art Hermaphrodite facts pictures Eharmony coupon 3 month Lazytown hentai quiz Horny women on yahooorny women on yahoo Original 2 girls 1 cup video Videos d xexo Dad and son masturbating techniques Sandisk flash drive software Macys sales resume template Ver videos gratis de alfonso sayas Plavix miller firm Tvisio plumbing fittings Free tadpole trike plans Egg drop project in a power point Texas 3-day eviction notice Free ceus for lpn Funny emoji conversationsunny emoti c What does codeine feel like 5 digit company code allstate Videos caseros couples Tmalwarebytes active product key free 2012 Human toilet hire for ladies How to write academic suspension appeal letter Does gianna michaels have stds Icd 9 code for infected wound Printable-bathroom passes Tresume template for teens with no expirence Client letter conteins Intermediate accounting 14th edition solution Myer and apple Online job application for ross dress for less How to make a shaped scroll box Student council parliamentarian postertudent council parliamentarian poster Solucion alquimia android 380 Class action lisinopril Plotting qq from plink Accepting the interview the second interview Editing worksheets for 4th grade Answers for ics 200 a Www.alliedbarton.com ipay Hilarious dirty fantasy football names H e acid alcohol Mother encourages son jack off Cancer awareness elites Crushed adderall drink Maryse leduc architect 7.5 mg adderall pregnant Walmart barcodes Cerita dewasa Pharmacist paper doll template Mortal kombat characters coloring pages free Kurs ringgit hari ini Codeine and cipramil Pirate wrestling club Da 31 for mac pages Pulls top down public Aluminium window blinds Randy dave

全站熱搜

cenlenob 發表在 痞客邦 留言(0) 人氣()