Opportunities in Emerging Markets ─ Investing in the Economies of Tomorrow

The practical guide to investing in emerging markets

Though potentially risky, investing in emerging markets can offer extremely attractive returns. Opportunities in Emerging Markets offers practical advice for investors based on the real life experiences—both positive and negative—of practitioners, pioneer investors, and local heroes with experience in frontier markets. Exploring how every developing market has its own unique regional cultures and social structures that change the way investors invest, and must be understood in order to make wise investments, the book combines standard approaches to investing with the exigencies of frontier markets to create an invaluable framework for success.

A collection of useful ideas that investors—institutions, general partners, limited partners, or shareholders—can draw upon when investing money in emerging markets, the book includes essential information on one of the most attractive opportunities for beating traditional markets and investments. If access, downside, and predictability can be managed, there's a great deal of money to be made in emerging markets, and this book shows how. Both investors and investment managers need to understand fundamental success factors, real framework conditions, and hidden pitfall and in Opportunities in Emerging Markets, author Gordian Gaeta analyses these intricacies in depth.

• Gives investors of all kinds the information they need to succeed in emerging markets
• Incorporates real life experiences—both good and bad—to help readers avoid common mistakes and maximize their returns
• Includes interviews with Mark Mobius, Jim Rogers, Marc Faber, and other leading names in the emerging markets sector

For those traders brave enough to engage in high-risk/high-return investing, Opportunities in Emerging Markets is an excellent overview of the world's toughest frontier markets and how to conquer them. Featuring interviews with some of the top investors in the field, this is the definitive guide to the perils and pitfalls of investing in these highly volatile markets.

Dr. GORDIAN GAETA is an active private equity investor and advisor specializing in complex and distressed equity and alternative investments and transactions predominantly in the developing economies of Asia. He participates on boards, investment and finance committees, and in executive functions of fund managers, investment firms, and financial services companies. Gaeta started his career as a banker in several countries before becoming a management consultant. A former academic, he also lectured at several universities; served as director, professor, or dean of private academies certifying financial services professionals on investment; and co-chaired the Asian Banker Summit. Gaeta contributes regularly to an investment column as well as investment publications and is the author, coauthor, or editor of various books related to finance, business, and investing, including Frontiers in Credit Risk (Wiley).

Frontier Market Investing1. The Allure of Frontier Market Investinga. Excess returns b. Unlimited growth potentialc. Markets as a function of economic and social development2. Fundamentals of Frontier Marketsa. Economic growth patterns and risksb. Business clusters and banking fragmentationc. Bubbles, cliffhangers and revolutions3. Framework Conditions for Public Equitya. Porous institutions and collusionb. Asymmetries and Predictabilityc. Creating and combining markets for the future4. The Complementary Role of Private Equitya. Provider of liquidity and growth capitalb. Substitute for skills, discipline and financial controlc. Springboard for listing and industry consolidation5. Financial contracting theory and Frontier markets6. Structuring transactionsa. Financial transactions, debt or equityb. Entrepreneur or investorc. Augmenting the financial system7. Frontier Market Valuations and modelsa. One day at a timeb. Modeling erratic futuresc. The value of algorithmic approaches 8. The regionsa. Asia and Central Asiab. MENAc. Middle Americad. Africa9. Taking the Lute Homea. When to run and when to stayb. Liquidity traps and local institutionsc. Ensuring and Insuring long term success