It's been a turbulent three years for emerging markets. Five years of lacklustre returns reached its nadir at the end of 2015, before developing markets embarked on a spectacular recovery in 2016 that has persisted this year.
Against this backdrop, the frontier markets yet to gain emerging markets status have ploughed their own furrow.
BlackRock Frontiers (BRFI) managers Emily Fletcher and Sam Vecht have demonstrated a strong record of navigating these markets, leading to their trust's triumph in the Global Emerging Markets Equities category of the Citywire Investment Trust Awards.
In this short interview filmed at our awards ceremony, Fletcher picks out three frontier markets offering particular value.