Africa Outperforms Frontier Markets

Structural reforms and strong economic growth are fuelling equity outperformance and attracting increasing investor interest in the Africa and Middle East region

T. Rowe Price 17 January, 2014 | 3:33PM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Oliver Bell, of T. Rowe Price explains the appeal of investing in Africa.

Despite the fact the region’s average performance lagged frontier markets in 2013, mainly due to weakness in South Africa, the region outperformed in each of the prior four years.

Africa, for example, has been one of the world’s fastest-growing regions in the last decade, with the International Monetary Fund predicting it will account for seven of the world’s 10 fastest-growing economies from 2011 to 2015. Africa is at a stage of growth and development similar to Asia and Latin America in the mid-1990s.

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T. Rowe Price  T. Rowe Price is a global investment management firm dedicated to helping clients achieve long term success.

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