What are the main strengths and weaknesses of investing into frontier markets?

The most important strength of investing in a frontier
market is the potential for large returns on one's investment.  Frontier markets have
not yet developed and matured.  There is still a great deal of demand that is not yet
filled.  This means that firms that enter the market can grow
rapidly.

On the other hand, however, these markets can be
much more risky for investors.  These markets may not have established legal protections
for investors.  It is possible that governments will intrude and destroy the value of an
investment.  Because these markets are still developing, they are much more unstable
than settled markets.

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