Throughout this decade, emerging markets have gained an increasingly visible role in international finance. The globalization of financial institutions and the dismantling of the Soviet Union have transformed many formerly centrally-planned economies into free markets with fledgling stock exchanges. Consequently, a rising number of foreign market participants has been attracted to the newest playground of global finance: frontier emerging equity markets, or simply, pre-emerging markets.
KeywordsMutual Fund Hedge Fund Equity Market Market Efficiency Efficient Market Hypothesis
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