Add global frontier markets to portfolio, not Asian: HSBC

HSBC Global Asset Management is bullish on frontier markets over emerging markets as they offer more compelling valuations and are more uncorrelated, less volatile and still relatively under-researched. The investment rationale for both frontier and emerging markets is similarly based around a need for infrastructure and a consumption story driven by large, young and increasingly wealthy populations and booming commodities production. But the asset manager says that one key diff…