Bond investors bullish on sub-Saharan Africa


Frontier market fixed income investors are combing sub-Saharan Africa for opportunities from debt-issuing countries on course to experience the rapid growth that propelled China and India from low- to middle-income status.

“I am a big fan of some of the African nations that have not started to really issue yet,” says John Bates, London-based director of fixed income at boutique asset management firm Silk Invest. “I try and target those where there is a misperception of risk, so I am investing in

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