The current president of Egypt is visibly ailing, and with no obvious successor, the Parliamentary elections set for November and presidential election next September may lead to a shift in the country’s politics, economy and ETFs with heavy exposure to the nation.

Egypt maintains an old centralized administration that has failed to deliver proper social programs and a corrupted law system, according to The Economist. Most concerning are the lack of fitting schools and hospitals. The large pool of poor and destitute still line up for government-subsidized bread and live in extreme poverty.

Dubai may boast about the world's highest building, Burj Khalifa, a rocket-shaped edifice soaring 2,717 feet with views reaching almost 60 miles, but with almost zero occupancy rates in the building and those around Dubai are good enough reasons to see the realities on the ground.

One doesn’t need to be an economic genius to understand the fact that real growth is sustained only through strong fundamentals, a virtue that doesn’t quite exist in the Dubai real estate segment. Dubai’s economy diversified away from oil towards real estate and tourism. But the economic recession and international financial crisis caught up with Dubai and other regions of the world. Finally, the inflated real estate bubble that propelled the frenetic expansion of Dubai in the last six years on the back of borrowed cash and speculative investment, has burst. What's worse is that the Dubai real estate crisis is slowly but surely spreading to other emerging markets especially in Middle East And Asia making the world economic recovery a distant dream.

Frontier market exchange traded funds present people with the opportunity to invest in regions and areas that would otherwise be unavailable for the average retail investor. These up-and-coming, rapidly growing countries may help diversify your portfolio.

An investor may consider frontier markets because they may experience rapid economic growth, the economies have low or no correlation with emerging and developed markets, and these countries store a large supply of natural resources, writes Kevin Grewal for TheStreet. And don’t forget this important point: developing markets are accounting for an increasingly larger piece of the global market cap.