After months of poor performance, managers of frontier market funds are looking to countries such as Pakistan to deliver returns to investors. Tanzeel Akhtar reports.
Frontier markets faced a challenging year in 2015, with most indices posting negative returns. The MSCI Frontier Markets index, one of the most widely followed, fell more than 14%.
However, managers of frontier market funds are not losing hope. According to Hedi Ben Mlouka, who runs the Duet EM Frontier Fund with Matthew Vogel, markets such as Vietnam and Pakistan offer good investment opportunities.