I was riding in my car and listening to Bloomberg radio this week when I heard an advertisement for a mutual fund that was investing only in growth companies in Africa, an Africa Only Fund. As investors we have options as to where to invest based on the growth opportunity and risk appetite we perceive. Like the majority of investors most of our assets are in safer, developed markets. Perhaps we allocate an amount to the “emerging markets” as we see growth opportunities, but for some investors emboldened for risk there are the “frontier markets”. Sounds a bit like the wild, wild west and if you take the time to read the disclaimers of risks associated with those markets you will see that they are in fact very risky. The ad for the frontier Africa fund got me thinking about which firm will be announcing a new investment fund following the Obama Cuba announcement for a Cuba Frontier Fund.