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Frontiers fund to cover next generation of up-and-comers

BlackRock is launching a frontier markets investment trust that will target markets including Kuwait, Oman, Saudi Arabia and Tunisia.

The trust will target the 140 countries currently classified as frontier markets, which BlackRock says have some of the fastest rates of economic growth in the world.

In October, Money Marketing revealed BlackRock was looking to boost its focus on investment trusts, including a nationwide investment trust tour.

The company stresses that the trust will be for sophisticated private investors and institutional players only and the shares it places will be sold through intermediaries and institutions and not directly.

It will be managed by Sam Vecht, who also heads the company’s open-ended emerging markets fund.

Whitechurch Securities senior analyst Ben Seager-Scott says: “This is a very interesting fund, it really represents the next generation of up-and-coming markets now that the old school Brazil, Russia, India and China emerging markets are becoming more of a mainstream investment. There is a lot of potential in frontier markets, but they are very risky, so should not be entered into lightly.”

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