Frontier Emerging Equity Markets Securities Price Behavior and Valuation

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Summary: Foremost Authority
Review: Dr. Kratz is certainly the foremost authority on this subject. His command of the intricacies of developing markets in Eastern Europe is exceptional. His understanding led the Deutsche European Equity Fund to its 5 star number 1 rank among stock funds in its category. One would be well-advised to listen to his insights into these exciting and critical markets.

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Summary: Finally someone who understands frontier markets
Review: Dr. Kratz's new book on frontier markets is essential to the understanding of this new genre within the equity asset class. It offers a unique journey through the creation of a young emerging equity market and supports conclusions with strong empirical analysis. It supports the notion that valuation in "frontier markets" is more an art than a science, but in order to truly understand such markets one has to be open-minded and a keen observer of what Kratz calls the philology of the frontier market valuation debate. This is new, and sure to fuel the debate on the subject of asset pricing in an environment with little objective and hard data to come by.

Rating:
Summary: Good book
Review: I read Dr Kratz's expose of frontier emerging markets. A very good book. He masters this asset class and the details which make a good and savvy investor in frontier markets. It is by far one of the most interesting fields of international investing, and I am sure this book is just the beginning of many more to follow on the field - it's a primer. I recommend the book to students and practitioners of finance and investments. Dr Kratz strikes a healthy balance between academic thinking and practial experience and application.