767 Frontier markets have come a long way since emerging as an asset class. Africa ex-SA stocks are now part of not only Africa-focused or frontier funds, but also appear in portfolios of larger GEM funds. With frequent Africa-focused conferences occurring in London or New York, exposure to the population growth and consumer story is still a strong attraction for investors. This is whilst the low correlation, low volatility story has been shaken by the turbulence experienced by some economies, due to the oil decline.