Frontier Investing

You know about emerging markets, how about frontier markets--markets that are not quite emerging, but still have viable markets. Claymore has just today launched its Frontier Market ETF that will invest in countries like Poland, Chile, Egypt, Kazakhstan, Peru, and the Czech Republic.

The criteria: minimum share price of $3, market capitalization of $100 million, and trading volume of 10,000 shares a day. The index will only include depositary receipts--which are companies listed in the U.S. or other major developed market exchanges. May sound strange, but it does provide some layer of protection. It will be rebalanced quarterly.

We are also waiting for PowerSharesto launch their version, the PowerShares MENO Frontier Countries Portfolio.

Questions? Comments?