Under-researched and Under-discovered

Andrew Tanzer writes in Kiplinger:

Stock exchanges in Africa and the Middle East, only recently opened to foreign investors, are under-researched and under-discovered (Alderson says that on average only one analyst covers a stock). That creates stock inefficiencies and fine opportunities for shrewd investors. The correlation with the U.S. stock market is a remarkably low 10% at a time when most international markets have been moving closely in sync with the U.S.