Frontier is a vivid travelogue of ten countries with the potential to lead economic growth in the coming decade.

Through compelling narrative, we encounter first-hand the corruption, violence and related problems that keep most investors away, as well as inspirational breakthroughs that will make some of these countries impossible to ignore.

For travel companions, Serkin is assisted by ten top-performing emerging-market investors as they go face-to-face with government and business leaders to weigh risk against reward and assess value. These big-name investors then rank the frontier markets they selected along with the companies visited for potential stock and bond holdings. The results highlight some of today’s cheapest assets as potentially the biggest long-term winners.

Financial Times
“Serkin certainly set the standard with “Frontier”. Written from firsthand experience, it is laced through with the insights of fund managers who invest billions in these markets and is furnished with necessary data to reinforce his observations. Frontier is a must read for investors wanting to find out how valuation in emerging markets really works.”



Sri Lanka

Saudi Arabia

Franklin Templeton, Mark Mobius
Morgan Stanley, Timothy Drinkall
TCW, Brett Rowley
Raiffeisen, Andras Szalkai
Adelante, Julian Adams
Aberdeen Asset Mgt, Kevin Daly
Wells Fargo, Derrick Irwin
Driehaus, Howie Schwab
Deutsche Asset & Wealth Management, Sean Taylor
Baillie Gifford, Andrew Stobart



Gavin Serkin

Gavin has been writing about developing economies for the best part of two decades, most recently as the Head of the Emerging Markets International Desk and Editor-at-Large for Bloomberg News. He led Bloomberg’s coverage of the credit and derivatives markets from 2004 to 2009, winning the Society of American Business Editors & Writers’ Best in Business Award and the Society of Professional Journalists’ Deadline Club Award.
Gavin was previously the Editor of Portfolio International magazine and News Editor for the Kentish Times Newspapers.
His qualifications include a BA (Hons) degree in International Relations & Economics from the University of Reading and the National Certificate Exam from the National Council for the Training of Journalists.

Book Critiques

“Frontier is part travelogue, part investment research on one of the hottest topics in finance at the moment: frontier markets, countries far off the beaten track of most money managers. Gavin Serkin is an able guide to these fascinating, recondite corners of world, ably assisted by a slew of prominent investors – including Mark Mobius, a pioneer of emerging market investment. Investors unfamiliar with the new stars of the developing world will find this book an invaluable introduction.”

Robin Wigglesworth, Financial Times Deputy Head of FastFT & former Capital Markets Correspondent

 “I love it! Great job! It gives the reader real insights into how these markets behave and, more importantly, how fund managers like us cope. Beautiful descriptive writing.”

Mark Mobius, Executive Chairman, Templeton Emerging Markets Group

“Gavin Serkin’s book is a unique combination of expert journalistic insight and knowledge gained from continent to continent, interviewing, learning and using his gifted inner compass to tell a compelling, muscular, engaging and humorous story of the top ten emerging frontier markets. “The book provides the much-needed and indispensable guidance that investors are seeking to understand the complex texture of doing business in a rapidly changing landscape. “Gavin’s enthralling non-fiction travelogue, spiced up with powerful narratives, eye-witness accounts and captivating tales, masterly woven, paints a beautiful portrait – albeit with some dark alleys – of hope among emerging frontier markets where returns are high and irresistible for discerning investors. “The book is a good business companion and could not have arrived at a better time.”

 Aliko Dangote, Africa’s Wealthiest Person Dangote Group President & Chief Executive

Frontier brings together some of the best known names in emerging markets to portray what is truly happening on the ground in the newest and most exciting investment destinations. Gavin Serkin’s unique approach makes his book incredibly useful, with a compendium of ideas on how to build a portfolio. Better still, the reader absorbs the information while enjoying a compelling travelogue of little charted territories.”

Ivan Ritossa, Chairman of Exotix Barclays Inv Bank former Head of LatAm, Central & East Europe, Mideast & Africa 

“This is essential reading for investors exploring investment frontiers. Gavin Serkin unpacks the good, the bad and the ugly behind the numbers, painting a realistic picture of the challenges and the potential.”

Caroline Lambert, Center for Global Development Visiting Fellow The Economist’s former Bureau Chief in Johannesburg & Author of `Oil to Cash’

 “Gavin Serkin is a journalist well known to veterans of emerging markets.  His book is an eclectic rollercoaster presenting a diversity of frontier market experiences from the ground up.  It contains fascinating insights into how a cross-section of investors think and perceive risks and opportunities.”

Dr. Jerome Booth, Chairman of New Sparta & Co-Founder of Ashmore Author of ‘Emerging Markets in an Upside Down World: Challenging Perceptions in Asset Allocation & Investment’

“Frontier takes readers on a journey through some of the world’s most dynamic and high-potential markets. Though blossoming with opportunity, these frontier markets are also rife with challenges, complexities and nuances that affect and transcend asset pricing. By converging  historical economic and financial data with vivid storytelling from the field, Frontier is a compelling window into frontier market investing today.”

Tara Sabre Collier, Impact Investing Specialist, GroFin Capital Skoll Scholar, SBS, University of Oxford