The Institute of International Finance IIF says frontier markets are outperforming emerging markets, as investors retreat under the onslaught of escalating trade wars, a strengthening dollar and rising interest rates.
In its latest forecast, published on September 20, the IIF says non-resident portfolio inflows to frontier market countries should rise to $145 billion in 2018, from $124 billion in 2017.
This is below the $152 billion the Washington-based trade group originally forecast at the beginning of the year, but still a good result considering the volatility and turbulence afflicting global markets.
However, the IIF also says the headline figures can be somewhat misleading since...
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