Frontier markets: a rerun of history? | beyondbrics – FT.com

For investors looking beyond today’s emerging markets to tomorrow’s, UBS has some advice. Don’t. Today’s top EMs – China, India and the rest – offer better investment prospects for the next decade than anything wild and whacky.

But if you are irresistibly drawn to the edge, choose carefully. Some frontier markets offer better chances than others. The UBS picks are the Gulf states – plus Bangladesh, Croatia, Vietnam, Lebanon, Kazakhstan, Slovenia, Kenya, Pakistan, Argentina and Nigeria.

This is not a small list, of course, but as UBS points out, frontier markets are inherently riskier than more developed economies and investors are wise to put their pennies into baskets of states.

* username: rupertbu