Frontier markets, the pre-emerging markets of Africa

Abstract

THIS THESIS PROVIDES AN INITIAL INVESTIGATION OF THE EMERGING EQUITY MARKETS AND THE FRONTIER MARKETS IN AFRICA. AN INVESTOR LOOKING TO IMPROVE THE RISK-REWARD BENEFITS OF THEIR PORTFOLIO OUGHT TO INCLUDE THESE SHARES IN A SHARE PORTFOLIO AS EVIDENCED BY THE RESULTS OF THIS THESIS. THIS THESIS SEEKS TO PROVIDE A BRIDGE FOR THE GAP LEFT IN THE ANALYSIS OF AFRICAN MARKETS THROUGH PROVIDING ANSWERS FOR WHETHER AFRICAN EQUITIES PROVIDE THE SO CALLED DIVERSIFICATION EFFECT AND PROVIDE AN INVESTOR WITH HIGHER RETURNS GIVEN THE RISKINESS OF THESE MARKETS.