September 05, 2025
Frontier Market debt, in some ways, looks like a throwback to the early days of Emerging Market (EM) debt as an asset class, offering both higher yields and greater potential for economic convergence across a subset of typically below investment grade-rated EM countries. While we expect the development of Frontier Markets to play out differently from the first “iteration” of EM, we think that experience can still serve as a guide – where despite a less certain journey, we have a clear understanding of the destination.
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Past performance is no guarantee of future results. Investments involve varying degrees of risk and may lose value.
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