Monday, July 16, 2007

Invest with Austria ETF (EWO) into Eastern Europe

From western European countries Austria is so called gateway into central and eastern European exposure. Many Austrian companies have their subsidiaries in Czech Republic, Poland or Hungary. And also after recent EU enlargement in Romania and Bulgaria.

EWO is composed of stocks based in Austria. Branches of the biggest holding Erste Bank Der Oester (17%) you can find all over the CEE Europe except Poland and Bulgaria. Financial sector is major share in the ETF with 46%. This sector is attractive as eastern European growth must be founded by someone...
Mining, energy sectors are making up one third of EWO. OMV company cannot be missing in this share.


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