"Ukraine was number one with 32% of respondents prioritizing the country followed by Romania at 26%, Nigeria at 25%, and Kenya at 24%," it said in a survey.
According to the survey, "investors who are most bullish on Ukraine are based in Russia and other countries in the CIS."
Investors based in Eastern Europe and Russia prefer Romania and Ukraine, while those in the U.K. and Western Europe are looking to explore Kenya and Nigeria for investment in next year, according to Institutional Investor, which surveyed 214 fund managers at 154 investment companies, asking which countries are top of the list for travel in the next 12 months for current or potential investments.
Investors named agriculture as one of the most promising industries in Ukraine.
Read alsoWorld Bank allocates almost $12 bln to Ukraine for 25 years"Ukraine's agricultural sector is increasingly attractive to investment managers as it has one of the best land banks for agricultural product cultivation globally," according to asset management firm Union Investment.
"The [Ukrainian agricultural] companies have shown that they can cope with a challenging economic and political risk environment exceptionally well," lead portfolio manager of Union Investment Sergey Dergachev said.
Ukraine's Cabinet expects that foreign direct investment in 2017 will total US$4.5 billion against US$3.8 billion in 2016.