Investors may want to heed Dimitrijević’s advice. Everest Capital Global added 41.2% last year while a vast majority of hedge funds lagged the S&P 500 and the firm’s frontier markets fund, Everest Capital Global, gained almost 29%, according to CNBC.

Year-to-date, three of the top-10 global markets are frontier markets. Pakistan is the other in addition to Qatar and UAE.  Pakistan is FM’s sixth-largest country weight at 4.41%.

iShares MSCI Frontier 100 ETF

Tom Lydon’s clients own shares of EEM.