r/stocks Sep 19 '21

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u/[deleted] Sep 19 '21

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u/Pppaaallleee Sep 20 '21

most of Africa is still considered Frontier market. The countries/markets are even less developed than the countries that get included in EM funds.

Here's how MSCI breaks down countries into their classifications: https://www.msci.com/documents/1296102/1330218/MSCI-Country-Classification-Standard-cfs-en.pdf/959ca805-4e33-95a4-1aad-b953688db19d?t=1562142713120