thing I see says Africa will see GDP growth of 5%," says Oliver Bell, the manager of T. Rowe Price Africa & Middle East TRAMX . "At the same time, most emerging markets are moderating. That backdrop gives well-run companies a massive opportunity
It appears frontier markets are the "new" EM, going forward. I currently own WAFMX and previously held TRAMX . I always keep my eyes open to new and better alternatives. Not meaning performance chasing, but improving risk/reward, volatiltiy
We have a continent that is largely at peace," says Oliver Bell, the lead manager of T. Rowe Price Africa & Middle East TRAMX , pointing to a map of Africa that shows just three hot spots on the continent versus one next to it that shows 20 in the same
sovereign-wealth funds total $1.5 trillion. Dubai is also attractive. The mutual funds for these frontier markets include TFMAX, TRAMX and also the tiny ETFs GULF, MES . Pg M9, Yields : Leveraged bank-loans are attractive now at 5.1% yield and average
3-yr low) in spite of SA’s recent inclusion in the World EM Bond Index. Quoted are the portfolio managers of TEMRX and TRAMX who are selective about the SA sectors. Pg M11, Yields : The effects of QE3 [ real or perceived ] are already visible – unemployment
corruption and lack of education and jobs. Banks, consumer sector and telecom look attractive. Mentioned are mutual funds NAFAX, TRAMX , HLFMX . Note that the MSCI Frontier Market Africa Index +31% YTD. Pg M8, Europe: Airbus parent European Aeronautic Defense
08 Crash, but did not. M* is still non-commital about investing in TRAMX . And it still lags its benchmarks. Even so, it is improving, and has ..... Any of you out there actually have money committed in this fund, TRAMX ?
I know this is one star fund. However, I was not able to find anything in Frontier markets which I can DCA into for next 5-10 years. I have seen and read that the frontier markets are not correlated to S&P and could help in international diversification longterm. Thoughts/opinions.