“The time has arrived for nascent markets to take some form of center stage, and we are working on several mandates,” Akbar Poonawala, head of global equity services at Deutsche Bank, told The Wall Street Journal.  “When we met investors, we were surprised to find significant unsatisfied demand for frontier emerging markets.”

Frontier markets include Romania, the Ukraine, the Gulf Co-operation Council, Nigeria, Kenya, Columbia, Ecuador, Vietnam and Bangladesh, whereas the most established BRIC emerging markets are Brazil, Russia, India and China.

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