BlackRock Frontiers (ticker: BRFI) was launched in late 2010 with a brief to invest in frontier markets, which are the level below emerging markets in terms of size, sophistication, and liquidity. Think Vietnam, Nigeria, and Kazakstan rather than China and India. However, the mandate has since been expanded to include a selection of smaller emerging markets as well, such as Indonesia, Saudi Arabia, and South Africa. Sam Vecht has managed the trust since its IPO with Emily Fletcher becoming a co-manager in 2013, and Sudaif Niaz becoming a third co-manager in early 2023. BRFI raised £95m in its ...