01198nas a2200169   4500008004100000245005600041210005600097260000900153300001200162490000800174520068100182653001200863100001700875700002700892700001600919856009300935       2011                        eng d00aInternational diversification with frontier markets0 aInternational diversification with frontier markets  c2011  a227-2420 v1013 aWe provide an analysis of frontier market equities with respect to world market integration and diversification. Principal component results reveal that frontier markets exhibit low levels of integration. In contrast with developed and emerging markets, frontier markets offer no indication of increasing integration through time. Furthermore, individual frontier market countries do not exhibit consistent rates of changing integration. Structural break tests identify breakpoints in integration, as well as integration dynamics across countries. We show that frontier markets have low integration with the world market and thereby offer significant diversification benefits.10aFinance1 aBerger, Dave1 aPukthuanthong, Kuntara1 aYang, Jimmy  u/biblio/international-diversification-frontier-markets-2