{"product_id":"frontier-isbn-9781118823736","title":"Frontier","description":"\u003cp\u003e \u003cb\u003eGet ahead of emerging markets with top-performer picks for up-and-comers\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eFrontier\u003c\/i\u003e helps investors successfully navigate markets that are yet to “emerge,” with expert advice on spotting opportunities and minimising risks. With first-hand insights into frontier markets as we travel with big-name fund managers from Mark Mobius to Morgan Stanley, this practical guide ranks countries, stocks and bonds on a five- to ten-year horizon to steer investors toward the most promising destinations. Written in a compelling and accessible travelogue narrative, each chapter covers a specific country, providing invaluable market analysis and a deep understanding of the political, economic, and social background of those most likely to outperform. The key focus is on fresh ideas, based on the assessments from top performing money managers when meeting challenges, hostilities or adversity, and observations after interviewing high-level government officials and executives.\u003c\/p\u003e \u003cp\u003eWith 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.\u003c\/p\u003e \u003cp\u003e· Discover which markets have the best prospects, and which are potential disasters\u003c\/p\u003e \u003cp\u003e· Analyse individual markets by metrics including macro data, global relative value comparisons of stocks and bonds, buy\/ sell triggers, and more\u003c\/p\u003e \u003cp\u003e· Learn which industries, stocks and bonds should be considered in each market\u003c\/p\u003e \u003cp\u003e· Examine each country through real-life on-the-ground assessment of corruption, conflict and other risks as well as inspirational breakthroughs that signal opportunities\u003c\/p\u003e \u003cp\u003eThis 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. A must-read for corporate executives seeking global capital, \u003ci\u003eFrontier\u003c\/i\u003e provides a better understanding of the changing international investment dynamic.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eRobin Wigglesworth, FT:\u003c\/p\u003e \u003cp\u003e\u003ci\u003e“Invaluable.”\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e Mark Mobius, Templeton:\u003c\/p\u003e \u003cp\u003e\u003ci\u003e“I love it! Beautiful descriptive writing.”\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003e \u003c\/i\u003eAliko Dangote, Wealthiest African:\u003c\/p\u003e \u003cp\u003e\u003ci\u003e“Captivating tales, masterly woven.”\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eAbout the Author xi\u003c\/p\u003e \u003cp\u003eDisclaimer xiii\u003c\/p\u003e \u003cp\u003ePrologue xv\u003c\/p\u003e \u003cp\u003eIntroduction to Frontier by \u003ci\u003eMark Mobius\u003c\/i\u003e 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 \u003c\/b\u003e\u003cb\u003eKenya\u003c\/b\u003e \u003cb\u003e11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Mamboz 12\u003c\/p\u003e \u003cp\u003eII Can’t Believe You’re Going to Kenya 17\u003c\/p\u003e \u003cp\u003eIII Sleeping Serpent 19\u003c\/p\u003e \u003cp\u003eIV Prowling Leopard 29\u003c\/p\u003e \u003cp\u003eV Clinker 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 \u003c\/b\u003e\u003cb\u003eMyanmar\u003c\/b\u003e \u003cb\u003e45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Halcyon Days 46\u003c\/p\u003e \u003cp\u003eII Uncle 50\u003c\/p\u003e \u003cp\u003eIII Yoma 55\u003c\/p\u003e \u003cp\u003eIV Son 61\u003c\/p\u003e \u003cp\u003eV Gaung Baung 66\u003c\/p\u003e \u003cp\u003eVI Monk of Mandalay 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 \u003c\/b\u003e\u003cb\u003eRomania\u003c\/b\u003e \u003cb\u003e79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Ro-man-ee-a! 80\u003c\/p\u003e \u003cp\u003eII Systematization 85\u003c\/p\u003e \u003cp\u003eIII Brown Envelopes 90\u003c\/p\u003e \u003cp\u003eIV Mega Mall 94\u003c\/p\u003e \u003cp\u003eV Drac-ul-a 99\u003c\/p\u003e \u003cp\u003eVI Crossroads 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 \u003c\/b\u003e\u003cb\u003eArgentina\u003c\/b\u003e \u003cb\u003e111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Arbolitos 112\u003c\/p\u003e \u003cp\u003eII Del Fin Del Mundo 118\u003c\/p\u003e \u003cp\u003eIII Vaca Muerta 126\u003c\/p\u003e \u003cp\u003eIV Adelante 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 \u003c\/b\u003e\u003cb\u003eVietnam\u003c\/b\u003e \u003cb\u003e137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Confucius 138\u003c\/p\u003e \u003cp\u003eII Aristotle 144\u003c\/p\u003e \u003cp\u003eIII Panacea 152\u003c\/p\u003e \u003cp\u003eIV Equitization 159\u003c\/p\u003e \u003cp\u003eV Automata 164\u003c\/p\u003e \u003cp\u003eVI From Noodles 167\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 \u003c\/b\u003e\u003cb\u003eNigeria\u003c\/b\u003e \u003cb\u003e169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Eko Beach 170\u003c\/p\u003e \u003cp\u003eII Crude Politics 178\u003c\/p\u003e \u003cp\u003eII Sugar King 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 \u003c\/b\u003e\u003cb\u003eEgypt\u003c\/b\u003e \u003cb\u003e199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Revolution II 200\u003c\/p\u003e \u003cp\u003eII Cleopatra 204\u003c\/p\u003e \u003cp\u003eIII Sahl Hasheesh 211\u003c\/p\u003e \u003cp\u003eIV Audacity of Hope 214\u003c\/p\u003e \u003cp\u003eV Zahma! 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 \u003c\/b\u003e\u003cb\u003eSaudi Arabia\u003c\/b\u003e \u003cb\u003e229\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Virtue and Vice 230\u003c\/p\u003e \u003cp\u003eII Socialist Monarchy 239\u003c\/p\u003e \u003cp\u003eIII Desert Farming 244\u003c\/p\u003e \u003cp\u003eIV Opening Bell 248\u003c\/p\u003e \u003cp\u003eV White Balloons 252\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 \u003c\/b\u003e\u003cb\u003eSri Lanka\u003c\/b\u003e \u003cb\u003e255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Family Economy 256\u003c\/p\u003e \u003cp\u003eII China City 262\u003c\/p\u003e \u003cp\u003eIII Pawn 267\u003c\/p\u003e \u003cp\u003eIV Kilinochchi 274\u003c\/p\u003e \u003cp\u003eV Rising Sun 287\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 \u003c\/b\u003e\u003cb\u003eGhana\u003c\/b\u003e \u003cb\u003e291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI Goatanomics 292\u003c\/p\u003e \u003cp\u003eII Highlife and Death 299\u003c\/p\u003e \u003cp\u003eIII Gold Diggers 304\u003c\/p\u003e \u003cp\u003eIV Cassava King 310\u003c\/p\u003e \u003cp\u003eV Egg and Stone 312\u003c\/p\u003e \u003cp\u003eConclusion – Journey’s End 317\u003c\/p\u003e \u003cp\u003eAcknowledgments 385\u003c\/p\u003e \u003cp\u003eIndex 389\u003c\/p\u003e \u003cp\u003e\u003ci\u003e“..as a book on emerging markets, Serkin certainly set the standard with ‘Frontier’….a must read for investors wanting to find out how valuation in emerging markets really works” \u003c\/i\u003e(Financial Times, March 2015)\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGAVIN SERKIN \u003c\/b\u003eis the Emerging Markets Editor-at-Large, working with reporters and editors worldwide. He joined Bloomberg in 2000 as Europe’s investing reporter, before specializing in emerging markets in 2001. Serkin was previously the Editor of Portfolio International and the News Editor for a group of nine weekly newspapers in London and Southeast England.\u003c\/p\u003e  \u003cp\u003eIn a quest for the most profitable investment opportunities, Gavin Serkin journeyed deep into the world of emerging markets. What he found – traveling alongside money managers who achieved some of the best fund returns globally in their categories for the past five or ten years –was an exotic collection of countries and markets that went beyond the concept of “emerging and into a realm most investors don’t typically consider, namely  \u003ci\u003efrontier markets.\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003eThink Myanmar, Ghana, Sri Lanka, Nigeria or Romania, to name a few – countries frequently associated with conflict or poverty or other seemingly impenetrable barriers to investment. 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. \u003c\/p\u003e\u003cp\u003eIn this compelling travelogue, \u003ci\u003eFrontier: Exploring the Top Ten Emerging Markets of Tomorrow\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eThe result is an exhilarating yet practical guide for investors in how to spot opportunities, avoid pitfalls and minimize risk in some of the world’s most dangerous places – an invaluable opportunity to learn volatility assessment and valuation techniques from some of the biggest-name fund managers, including Templeton’s Mark Mobius and frontier market experts from Morgan Stanley, Deutsche Asset \u0026amp; Wealth Management, Aberdeen Asset Management, and several more. \u003c\/p\u003e\u003cp\u003eTheir 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. \u003c\/p\u003e\u003cp\u003eThe book includes solid data readers can readily apply: the investors provide rankings of their top frontier countries, stocks and bonds on a 10-year horizon, analysis of the opportunities and risks, and triggers to watch that might signal whether to buy or sell. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eFrontier\u003c\/i\u003e is a must-read for professional money managers on the look out for promising new markets, those already active in emerging markets who seek more information, or everyday investors wanting to understand their own pension or estate choices better.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989250654437,"sku":"NP9781118823736","price":50.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118823736.jpg?v=1761783379","url":"https:\/\/k12savings.com\/es\/products\/frontier-isbn-9781118823736","provider":"K12savings","version":"1.0","type":"link"}