So Long, BRICs! Make Way for the KINGs
You’ve no doubt heard of the BRICS countries, the emerging market quintet comprised of Brazil, Russia, India, China, and South Africa.
Now, in an excellent post published on Seeking Alpha, Belgrad Kenne, Founder and Director of equity research firm, Phase One Associates, has coined a new acronym that captures the dynamism of Sub-Saharan Africa’s frontier economies – the KINGs (Kenya, Ivory Coast, Nigeria, and Ghana).
The Seeking Alpha article lays out the rationale behind the grouping, but I asked Belgrad to give us a bit more insight into the KINGs’ stock market performance over the past five years. He graciously agreed and also shared his thoughts as to why he believes these markets make for a compelling investment opportunity.
His analysis follows.
