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Merrill Lynch index offers exposure to frontier stocks

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Merrill Lynch Global Research has launched the Merrill Lynch Frontier Index, an equity index that provides exposure to the largest, most liquid stocks from frontier markets in Europe, the Middle East, Africa and Asia.

The index comprises 50 stocks from 17 countries including the United Arab Emirates, Kuwait, Nigeria, Morocco, Pakistan, Kazakhstan, Vietnam and Cyprus. Stocks must have a market capitalisation of at least $500 million, a three-month daily average turnover of at least US$750,000 and

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