Frontier markets represent a multitude of distinct cultures and can be overwhelming to investors. The author examines the many opportunities for investing that exist in frontier countries. He reviews the stock markets, the listed companies, the potential returns, and the diversification benefits. He also considers economic and political fundamentals. 

Download the entire master piece by CFA Institute Research foundation at 

http://www.cfapubs.org/toc/rf/2011/2011/2