The new era of unpredictability, marked by tariff threats and rising global tensions, is prompting emerging market investors to look for shelter in frontier markets that are relatively safe from U.S.

Emerging-market currencies are gaining during the first week of Donald Trump’s second term, helped by a softer than expected rollout of US tariffs and no new levies on Chinese imports.

The new era of unpredictability, marked by tariff threats and rising global tensions, is prompting emerging market investors to look for shelter in frontier markets that are relatively safe from U.S.