Marco Ruijer, lead portfolio manager for emerging market debt at ING Investment Management, explains why investors should target frontier market debt in the ongoing search for yield - even in the face of rising interest rates.
Emerging markets have performed tremendously well over the past few decades. Political stability has increased, infrastructure has improved, financial markets have deepened and trade has expanded rapidly. The journey of emerging markets is now potentially being replicated by the frontier markets - which are expected to develop their economies and capital markets the way the more established emerging markets have done in previous decades. Frontier markets have higher economic growth. 23 out of the 25 fastest-growing economies over the past decade are in the frontier market category. Gr...
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