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.
Investing in the Next Frontier
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. Request permission to reuse content from this site. Undetected location. NO YES.
Selected type: Hardcover. Added to Your Shopping Cart. View on Wiley Online Library. These destinations, characterized by smaller market capitalization and liquidity, have nevertheless achieved impressive returns in the past several years. But how to invest in them safely is the challenge. In this compelling travelogue, "Frontier: Exploring the Top Ten Emerging Markets of Tomorrow" takes the reader on a vivid journey from the poorest of slums to the glass towers of billionaires as Serkin encounters corruption, police brutality and state-sponsored violence first hand - as well as some inspirational breakthroughs.
Traveling from democracy to communist to Islamic regimes, from Africa to Asia to eastern Europe, the Middle East and Latin America, he puts top money managers face-to-face with government ministers and central bankers and calls corporate executives to account - all the while putting boots on the ground to convey a reporter's and experienced traveler's sense of place and purpose.
Their advice: don't limit yourself to spreadsheets. Do your research in person. When you land, keep your eyes open, Mark Mobius cautions. How crowded are the restaurants? How efficient is the public transportation?
How modern is the airport? Along with financial considerations, these everyday things can convey a lot.
The book includes solid data readers can readily apply: the investors provide rankings of their top frontier countries, stocks and bonds on a year horizon, analysis of the opportunities and risks, and triggers to watch that might signal whether to buy or sell. Gavin Serkin is an adept guide to these fascinating, recondite corners of world, ably assisted by a slew of prominent investors - including Mark Mobius, a pioneer of emerging market investment. Investors unfamiliar with the new stars of the developing world will find this book an invaluable introduction.
Team | Frontieralliance
Great job! It gives the reader real insights into how these markets behave and, more importantly, how fund managers like us cope. Mark Mobius, Executive Chairman, Templeton Emerging Markets Group "Gavin Serkin's book is a unique combination of expert journalistic insight and knowledge gained from continent to continent, using his gifted inner compass to tell a compelling, muscular, engaging and humorous story. Powerful narratives, eye-witness accounts and captivating tales, masterly woven, paint a beautiful portrait - albeit with some dark alleys - of hope among emerging frontier markets where returns are high and irresistible for discerning investors.
It could not have arrived at a better time. Gavin Serkin's unique approach makes his book incredibly useful, with a compendium of ideas on how to build a portfolio.
Better still, the reader absorbs the information while enjoying a compelling travelogue of little charted territories. Gavin Serkin unpacks the good, the bad and the ugly behind the numbers, painting a realistic picture of the challenges and the potential.
His book is an eclectic rollercoaster presenting a diversity of frontier market experiences from the ground up.