Closed-end investment company’s like the Morgan Stanley Frontier Emerging Markets Fund, Inc. do not continuously offer shares to the public. Growth results from market appreciation, which benefits its shareholders. The World Wide dispersion that results from global diversification, reduces volatility, which gives the shareholder greater safety.
Ruchir Sharma, and Tim Drinkall manage the fund. The fund gives management the freedom to buy anything, anywhere that comes up in the emerging frontier markets.
The funds objective is long-term capital appreciation by investing in equity securities in equity securities of companies operating in frontier emerging market countries. A frontier emerging market country (or economy) is an emerging market country, which is not included in the MSCI Emerging Markets Index.  Management can influence the net asset value, but this is not of great concern to investors.
In selecting investments for the Fund, the Adviser will combine top-down country allocation based on relative economic, political and social fundamentals, stock valuations and investor sentiment, with bottom-up fundamental analysis seeking to identify issuers with investor friendly management, effective use of free cash flows and strong earnings growth potential. 
Wealth is shifting from the developed countries to the emerging, and frontier economies, in which Morgan Stanley Frontier Emerging Markets Fund, Inc. invests. These companies tend to be under-researched, and not so readily available to normal investors.
Frontier emerging market countries in which the Fund currently intends to invest include Bahrain, Bangladesh, Botswana, Bulgaria, Croatia, Ecuador, Estonia, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Latvia, Lebanon, Lithuania, Macau, Mauritius, Namibia, Nigeria, Oman, Panama, Qatar, Romania, Saudi Arabia, Serbia, Slovenia, Sri Lanka, Trinidad & Tobago, Tunisia, Ukraine, United Arab Emirates and Vietnam. 
Morgan Stanley Frontier Emerging Markets Fund, Inc. distributes essentially all of its realized income, and capital gains to shareholders each year. Shareholders earnings may be retained automatically, using the funds reinvestment, and cash purchase plan. The Fund may elect annually to retain for reinvestment any net realized long-term capital gains.  When comparing the results of this closed-end company, to companies that retain earnings. Both securities should have all distributions reinvested, and compounded to compare results fairly.
By providing capital and encouraging capitalism in emerging economies, Morgan Stanley Frontier Emerging Markets Fund, Inc. impacts countries in ways similar to the World Bank. The only other company likes Morgan Stanley Frontier Emerging Markets Fund, Inc. on the NYSE is the Morgan Stanley Emerging Markets Fund (MSF), which trades around the MSCI Emerging Markets Free Index, which Morgan Stanley also manages, and Templeton’s Emerging Market fund, Inc. EMF.
Shares of Morgan Stanley Frontier Emerging Markets Fund, Inc. are traded on the New York Stock Exchange under the ticker symbol “FFD.” 
Morgan Stanley Frontier Emerging Markets Fund, Inc., 522 Fifth Avenue, New York, NY 10036.