We provide an analysis of frontier market equities with respect to world market integration and diversification. Principal component results reveal that frontier markets exhibit low levels of integration. In contrast with developed and emerging markets, frontier markets offer no indication of...

We provide an analysis of frontier market equities with respect to world market integration anddiversification. Principal component results reveal that frontier markets exhibit low levels of integration. In contrast with developed and emerging markets, frontier markets offer no indication of...

We find two structural breaks, signifying three investment regimes, in global equity markets from January 1988 through January 2010. These estimated breaks are similar for multiple models of beta risk. We find that emerging markets provide significant marginal performance benefits to a globally...