Arthur Budaghyan

Arthur Budaghyan

"Analysis, insights
and investment ideas
for frontier markets"

Frontier Markets Strategy


BCA's Frontier Markets Strategy service provides in-depth comprehensive coverage of more than 20 frontier markets in Africa, Asia, Middle East, Eastern Europe and Latin America. The bi-weekly reports will elaborate on the key themes defining the structural landscape in these countries as well as gauge their business cycle outlooks. The goal is to help portfolio managers and asset allocators in their decision-making.

Competitive Advantage
  • The Frontier Markets Strategy service leverages BCA's sixty-five year macro research acumen, and extends it to frontier markets.
  • Through a rigorous analysis of the domestic factors in conjunction with relevant global forces, it makes investment recommendations that help both absolute-return investors as well as dedicated frontier-markets portfolios.
  • Its methodology incorporates analysis of liquidity trends, growth, inflation, macro policies, valuations as well as geopolitics.


COUNTRY SPECIAL REPORTS (published bi-weekly): In-depth, insightful research of an economy, detecting secular and cyclical trends as well as the key themes for each country.

REGIONAL OVERVIEW REPORTS: A concise analysis of countries in the region: explained with country-relevant charts and indicators. Overview of one of the regions (Africa/Asia/Middle East/Eastern Europe and Latin America) is published on average every 2 months.

ON-DEMAND CONFERENCE CALLS WITH STRATEGISTS: To help clients to better understand our approach and delve into details of our analysis.

Arthur Budaghyan, Senior Vice President

Arthur Budaghyan joined BCA Research in 1999 and is currently BCA's Senior Vice President, Emerging Markets Strategy. He has been responsible for EM trading strategies at the firm since 2002 and became Chief Strategist of the Emerging Markets Strategy service in 2005. Prior to joining BCA, Mr. Budaghyan spent four years in Armenia with a regulatory government organization supervising financial markets. He has an MBA from American University in Armenia, an MSc in Economic Policy Management from McGill University, and is a CFA charter holder.

Click here to contact our Client Services department for more information.

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