Thursday, January 10, 2019

Frontier-market stocks seen rising after lost decade

Frontier markets are poised to rise this year as they benefit from lower valuations and a “reasonably solid” economic outlook, according to Andrew Howell, a Citigroup Inc. equity strategist. 
  • Howell provided the view in a report released Wednesday. Any advance might be well received because these stocks have been through what can be considered a lost decade. The MSCI Frontier Markets Index rose just 9.5 percent from 2009 through 2018. 
  • During the same period, the MSCI Emerging Markets Index added 70 percent and the MSCI World Index of developed markets climbed 112 percent.

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