Frontier Stocks Poised to Build on Best First Half Since 2007

Frontier-market stocks are poised for more gains after their strongest first half in 18 years, strategists said.

MSCI Inc.’s gauge of 25 smaller and less liquid equity markets advanced 17% in the first six months of the year, its biggest rally for that period since 2007. The advance was underpinned by a weaker dollar, relative insulation from global risks and the reduced threat of an oil-price spike.