ThirstyForAfrica

Claymore Launches First Ever Frontier ETF; PowerShares, Van Eck Close Behind

It's disappointing to see Nigeria as the sole representative, at a tiny 3%, from all of Africa! When will more countries in sub-saharan Africa be included in these so-called frontier market funds ? Growth in that region over the past few years has been phenomenal! Even TRAMX which invests in Africa and the Middle East, has little to no exposure to sub-saharan Africa, barring a significant chunk in South Africa, which is hardly a "frontier" market.

MSCI Frontier Markets Index Leaves Emerging Markets In the Dust

I'm interested in TRAMX (T.Rowe Africa & MidEast Fund) but when I looked at the portfolio it seemed like over 90% of their portfolio was concentrated in the Middle East, and a small sliver in Africa, of which the lion's share was South Africa. What about West African and East African economies like Kenya, Tanzania, Ghana, Ivory Coast, Angola, Swaziland, Botswana, etc ? I would like to see more SubSaharan investments in their portfolio, because those are the true frontier markets and that is where there is most long term future growth potential. Any idea when we might see these as part of the T.Rowe fund ?

A British company launched a fund called the Heart of Africa fund, which invests only in the SubSaharan markets.
www.newstaram.com/uk/f.../
Why don't we see something like the Heart of Africa Fund here in the US ?