Frontier markets are economies too small to be considered emerging, but with tremendous growth potential. Until recently emerging markets were seen as safer than investing in US and European markets, but their luster is fading and frontier markets are becoming more fashionable. Frontier markets include countries like Kazakhstan, Sri Lanka and Vietnam, where stock markets are small and difficult for foreigners to invest in, but expected to grow rapidly.
- "Benchmark expert watches market weight shift eastwards". Financial Times.