Throw your money at barely functioning stock markets and shaky governments but often have astounding growth rates? Welcome to the wild west of frontier funds. CNN.com has a good article about a few funds that are for major risk takers and if you got the cash, why the hell not?

Here’s the article at CNN.com:
The wild world of frontier funds

To cut to the chase, here are the funds they discuss:

Tickers: TRAMX FEMEX FRN

T. Rowe Price Africa & Middle East (MUTF:TRAMX) at $12.75
The investment seeks long-term growth of capital. The fund normally invests 80% of net assets in African and the Middle Eastern companies. It may invest in common stocks in Bahrain, Egypt, Jordan, Kenya, Lebanon, Morocco, Nigeria, Oman, Qatar, South Africa, and United Arab Emirates, as well as others as their markets develop. Its portfolio should consist of investments in about 30 to 40 different companies. The fund is nondiversified.

Fidelity Emerging EMEA (MUTF:FEMEX) at $8.75
The investment seeks capital appreciation. The fund normally invests at least 80% of assets in securities of emerging Europe, Middle East and Africa (EMEA) issuers and other investments that are tied economically to the EMEA region. It invests up to 35% of assets in any industry that accounts for more than 20% of the EMEA market.

Claymore/BNY Mellon Frontier Markets ETF (NYSE:FRN) at $23.82
FRN is diversified across several types of frontier markets, but the index underlying PMNA only invests, as the name implies, in a very narrow region; Kuwait 19.74%, UAE 19.04%, Egypt 16.11%, Qatar 14.52%, Morocco 12.21%, Jordan 9.20%, Oman 4.77%, Lebanon 2.22% and Bahrain 2.21%.