Balkan Emerging Frontiers Fund

balkan emerging frontiers is a regulated fund focused on the stock markets of the western balkans (countries of former yugoslavia), which have huge potential. regional stock markets are uncorrelated with global markets. they are still very inefficient and there are plenty of investment opportunities available. there is tremendous short term growth potential in western balkans capital markets, as regional stock exchange indices are still very depressed. they have not improved much since decrease and are lagging the most behind the world indices, some of them are at only 10% of 2007's highs. in the mid to long term perspective these countries have the largest growth potential in europe. effects of the upcoming euââ accession will converge regional economies and valuations to that of existing eu member states. that will be the last enlargement of the european union and the last catch up story in europe, in foreseeable future. fund’s objective is to provide investors with a net return seri