PROGRESSIVE is set to announce the launch of Advance Frontier Markets Fund Limited.
A total of $85m has been raised through a placing of 85 million ordinary shares and 17 million warrants. The emerging equity markets sector is significant, valued at over $3trn. Aside from the major and mature emerging economies the asset class includes many smaller, less-developed and under-researched countries. Dr Slim Feriani, managing director and chief investment officer, Progressive Developing Markets, says: "We believe the fund will give investors an exciting opportunity to obtain early access to the growth and development potential of a diverse range of frontier economies and ...
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