They're on the shortlists of allocators chasing alpha. In an era where the U.S. 10-year hovers around 4.3%, Europe flirts with stagnation, and China’s post-COVID recovery feels like a soap opera, frontier markets—once footnotes in global macro—are now frontlines for yield hunters. But are they delivering risk-adjusted returns? Or just shiny volatility? Let’s dig in. 🧐