December 14, 2006 at 12:54 pm by Tom Lydon
Currently, the best way to invest in eastern Europe through exchange traded funds (ETFs) is with iShares MSCI Austria (EWO). Austria has become the hub for Eastern European commerce and the fund is up 32% for the year.
As more European countries adopt the Euro, there is a stronger case for additional single country ETFs. Slovak lawmakers report their 2007 spending plan is based on a projected 7.1% GDP growth and an average inflation rate of 3.1%. Prime Minister Robert Fico’s cabinet is comprised of socialists and nationalists and verify they are aiming to refine the economy to get ready for the adoption of the Euro. There is a 2009 deadline, according to the press release.
Tags: Austria, Eastern Europe, EWO
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