Opportunities for Outperformance in Frontier Fixed Income Markets

In this paper, I take a systematic look at frontier markets, their role in emerging market (EM) external debt portfolios, and portfolio allocation.

Author

Affiliation

Teal Emery

Morgan Stanley Investment Management

Image Credit: Morgan Stanley Investment Management

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Abstract

Frontier markets made up eight of this year’s top 10 performers in external sovereign debt. With a rebound in commodity prices from the lows at the beginning of this year, and an easing of fears about China, selected frontier markets have seen remarkable year-to-date returns. Will frontier markets continue to outperform in the year to come? Are they just proxies for commodities and China risk? In this note, we take a more systematic look at frontier markets, their role in emerging market (EM) external debt portfolios, and portfolio allocation.

Citation Information

Citation

BibTeX citation:

@report{emery2016,
  author = {Emery, Teal},
  publisher = {Morgan Stanley Investment Management},
  title = {Opportunities for {Outperformance} in {Frontier} {Fixed}
    {Income} {Markets}},
  date = {2016-12-01},
  url = {https://tealemery.com//publications/2016-12-frontier-markets},
  langid = {en}
}

For attribution, please cite this work as:

Emery, Teal. 2016. “Opportunities for Outperformance in Frontier Fixed Income Markets.” Morgan Stanley Investment Management. https://tealemery.com//publications/2016-12-frontier-markets.