Claymore Securities last week became the first firm to launch a frontier markets ETF and Van Eck Global, Invesco PowerShares and Wisdom Tree Investments have funds in filing. The funds are also known as MENAs because they invest mainly in the Middle East and North Africa.
Jeff Ptak, director of exchange-traded security research at Morningstar, said firms are lining up to invest in the region because it is relatively untapped. “Frontier markets are starved for capital and uncorrelated to the developed markets.
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