December/January 2015
6
7
Dispatches
Contributors
Letter From the Editor
Letter From the Board
8
The Final Frontier
Phillips Curve
10
A Matter of Definition
13
Improving the Odds in Active Management
Ivory Towers
Behavior Gap
16
"Is That It?"
18
Economic Outlook
U.S. GDP Growth Surprises
20
Africa's Unlikely Rise
23
Americas
Greater Europe
Australia & New Zealand
Asia
Global Briefs
26
28
30
Spotlight
Africa Comes into View
Comparisons to China are premature,
but investors find its long-term growth
potential hard to ignore.
33
36
40
44
A Continent of New Consumers
Rising Incomes, Changing Tastes
Frontier Markets Are Beginning to Emerge
3
Table of Contents for the Digital Edition of Morningstar Magazine - December/January 2015