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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.