Why do frontier markets deserve investors’ attention?

The MSCI Frontier Markets Index has risen by 35.7% from May 2023 to May 2025, marking the start of a new bull market. Investors may have missed this because the price index hasn't reached its old highs, but it has now recovered to its 2008 peak. The Index has a 6% yield, showcasing the value on offer within these equity markets. Frontier market equities are attractive, with economic development paths aiding growth. Many frontier countries are rich in natural resources, making them essential to global commodity supply. They are also emerging as new manufacturing hubs, supported by favourable...