Frontier Investor | Columbia University Press (2024)

Frontier Investor

How to Prosper in the Next Emerging Markets

Marko Dimitrijević. With Timothy Mistele

Columbia Business School Publishing

Frontier Investor | Columbia University Press (1)

Pub Date: October 2016

ISBN: 9780231170444

272 Pages

Format: Hardcover

List Price: $37.00£30.00

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Pub Date: October 2016

ISBN: 9780231542357

272 Pages

Format: E-book

List Price: $36.99£30.00

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How to Prosper in the Next Emerging Markets

Marko Dimitrijević. With Timothy Mistele

Columbia Business School Publishing

  • Main
  • Reviews
  • Contents
  • Excerpt
  • Links
  • Awards

Where are the next decade's greatest investment opportunities? Veteran investor Marko Dimitrijevic argues that they can be found in frontier markets, which account for seventy-one of the world's seventy-five fastest-growing economies and 19 percent of the world's GDP. Yet many investors ignore them. Fueled by new access to technology and information, frontier markets are emerging even faster than their predecessors, making them an essential component of a globally diversified portfolio.

In Frontier Investor, Dimitrijevic shows through colorful case studies, compelling charts, and fascinating travel anecdotes that it is not only possible but prudent to invest in these unfamiliar and undervalued options. Dimitrijevic explains how frontier markets such as Nigeria, Panama, and Bangladesh are poised to follow the similar paths of Chinese, Indian, and Russian markets, which were considered exotic two decades ago. He details a strategy for how and where to invest, directly or indirectly, to profit from frontier growth. Dimitrijevic covers the risks, political and otherwise, of these markets, the megatrends that promise exciting investment opportunities in the coming years, and the prospects for countries beyond the frontier, including Myanmar, Cuba, and even Iran. Rich with experience and insight, Frontier Investor opens up a whole new world—and worldview—to investors.

Frontier Investor is terrific. This book is great for anyone interested in investing in the next frontier. It is also excellent for those who want to understand the growth potential and human consequences for these many diverse countries and their people. It is really brilliant and a tour de force. Michael Spence, winner of the 2001 Nobel Prize in Economics
A must-read for cutting-edge investors. Marek Belka, president of the National Bank of Poland and former prime minister of Poland
A brilliant and entertaining book that teaches the why, how, and where to invest in the new emerging markets. Dimitrijevic is the grand master of frontier markets investing. Read this book. Tony Robbins, best-selling author of Money, Master the Game: 7 Simple Steps to Financial Freedom
A fascinating primer for the investor, businessman, diplomat, or anyone else with an interest or duty to perform in the world's rapidly emerging 'frontier' nations and markets. Dimitrijevic's message, deftly delivered through a combination of insightful statistics, entertaining vignettes, and hard-won personal experience, comes through clearly: 'Do your homework and think broadly to understand the forces at play.' A must-read guidebook to the world's changing economic landscape. General Stanley McChrystal, (ret.), former commander, Joint Special Operations Command, and senior fellow, Yale University's Jackson Institute for Global Affairs
Marko Dimitrijevic writes about a fascinating topic with the depth that only someone who has done it for years can have. Frontier Investor tells stories of success and failure—much of it poorly appreciated, all of it insightful. Pick it up and read it. Arminio Fraga, former president, Central Bank of Brazil and founder, Gávea Investimentos
An inspiring point of view. Dimitrijevic's experiences across Europe, Asia, and Latin America make him ideally suited to tackle the investment challenges of this rapidly changing world. Aleksander Kwasniewski, former president of Poland
Dimitrijevic presents a solid, practical, and trustworthy guide for those interested in the wide range of opportunities frontier markets, such as Colombia, have to offer. Álvaro Uribe, former president of Colombia
Frontier Investor is a well-researched book, complete with detailed examples. It belongs in the library of every global investor. Reading the Markets
Dimitrijevic skillfully argues that lucrative opportunities do indeed exist in many so-called risky frontier markets... Emerging Market News
[Marko Dimitrijevic] makes the case that frontier markets, which account for 19 percent of the world's GDP, are essential to a globally diversified portfolio. Worth
Informative and engaging. The author intersperses the narrative with case studies rich in anecdotes that reinforce critical concepts. Financial Analysts Journal

Introduction
Part I: Why Invest in Frontier Markets?
1. Emerging Markets Have Emerged
2. Frontier Markets Are the New Emerging Markets
3. Frontier's Bright Economic Outlook
4. "The Young and the Restless": Frontier's Favorable Demographics
5. "Can You Hear Me Now?": Frontier's Integration with the Global Economy
6. Frontier Equity Markets Offer Value and Diversification
Part II: How to Invest in Frontier Markets
7. The Pitfalls of Passive Management and Advantages of Active Managements in
Frontier Markets
8. Do-It-Yourself Investing in Frontier Markets
9. Special Situations in Distressed Debt
10. Privatizations
Part III: Risks and Opportunities in Frontier Markets
11. Political Risks in Frontier Markets
12. Other Risks in Frontier Markets
13. Megatrends in Frontier Markets
14. Frontiers of Frontier Markets Investing
Appendix
Notes
Index

About the Author

Marko Dimitrijevic is the chairman of Volta Global and an investment manager with more than thirty-five years' experience investing in emerging and frontier markets. He has invested in more than 150 countries and was one of the earliest Western investors in China, Russia, Indonesia, Bangladesh, and Saudi Arabia. From 1995 to 2015 he managed one of the world's best-performing emerging markets funds, his funds have been included in the "Top 100 Hedge Funds" by Barron's "Top Emerging Market Hedge Funds" by Bloomberg, and "Global Macro Fund of the Year" by Absolute Return magazine.

Timothy Mistele is senior managing director at Volta Global and has over thirty years' experience in international investing, including nineteen years working with Marko Dimitrijevic.

Subjects

  • Economics
  • International and Political Economics
  • Investment and Finance
  • Investment and Value Investing
Frontier Investor | Columbia University Press (2024)

FAQs

Who is Frontier Capital Partners? ›

Frontier Capital Partners (FCP) is an Africa-focused private investment company with a focus on strategic sectors including real estate, energy and agriculture.

Who is Frontier owned by? ›

When Indigo Partners acquired Frontier Airlines in 2013, it ushered in a new era for the carrier. This firm, led by managing partner William Franke, is recognized for its focus on supporting ultra-low-cost carriers, making it a fitting custodian for an airline renowned for its commitment to affordable travel.

Who owns Frontier Capital? ›

About Frontier Capital

In 2000, Frontier became an affiliate of Affiliated Managers Group, Inc. (AMG). Under this ownership arrangement, AMG has a majority interest in Frontier, with the remaining ownership interest held broadly among Frontier employees.

What is the largest frontier market? ›

The largest Frontier Markets ETF is the VanEck Vietnam ETF VNM with $494.13M in assets. In the last trailing year, the best-performing Frontier Markets ETF was ARGT at 36.34%. The most recent ETF launched in the Frontier Markets space was the X-Square Municipal Income Tax Free ETF ZTAX on 05/19/23.

How risky are frontier markets? ›

Frontier markets are often associated with high risk, structural challenges and systemic failures, which makes investors and businesses reluctant to invest.

Is Russia a frontier market? ›

Emerging Markets

Some examples of emerging market economies are India, Mexico, Russia, Pakistan, and Saudi Arabia. Emerging markets offer greater liquidity and stability than frontier markets.

Does Frontier have any partners? ›

Earn miles and points with Frontier's partners

Frontier Airlines also partners with Marriott Bonvoy and Wyndham Rewards. You can transfer Marriott points at a 3:1 ratio.

Did Frontier merge with another company? ›

Frontier Airlines continues to incur costs after failed merger with Spirit. Frontier Airlines disclosed that it recorded $1 million in total costs related to its failed merger with Spirit Airlines during the first six months of 2023.

What does Frontier Capital do? ›

Frontier Capital (India) General Information

Principally, it is engaged in the business of financing of heavy commercial vehicles and construction equipment, hire purchase, inventory finance, bill discounting, channel finance, corporate funding, factoring, and related insurance services.

Who did Frontier buyout? ›

On April 1, 2016, Verizon sold its TV, internet, and landline phone business in Florida, Texas, and California to Frontier for $10.5 billion, in a deal that doubled Frontier's size.

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