The new country-specific Polish exchange traded fund (ETF) came onto the markets during a time of poor trading on the Warsaw index. However, this shouldn’t deter potential investors from looking for a good investment opportunity in the frontier markets.

Van Eck recently launched the first Polish ETF, Market Vectors Poland (NYSEArca: PLND), which has a daily volume of around $300,000 and total assets of $2.4 million, writes Daniel Harrison for IndexUniverse.

Many consider Poland to be Eastern Europe’s fastest-growing frontier market because of the country’s prudent domestic fiscal policies. Polish citizens are also required to make contributions of 3.5% of their annual salary to private pension fund providers that put the majority of the money into domestic assets, helping to support the value in equities.

Poland is projected to grow 1% this year, followed by a 2.5% expansion for 2010. Unemployment reached 10% this year, but favorable signs show that the employment rate is gradually rising. [More stories about Eastern Europe.]

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.