Poland’s Economic Expansion Provides A Bullish Outlook For The New Single Country ETF
“Exchange-traded funds (ETFs) can slice and dice stock markets in a multitude of ways. The latest in single-country ETFs is the Market Vectors Poland ETF (PLND) launched Wednesday on the NYSE Arca Exchange. It’s the first pure play on Poland’s growing economy,” Shirley Won Reports From The Globe And Mail.
“Poland’s economic expansion – its GDP grew 4.9 per in 2008 – is driven by a growing domestic consumer market with little exposure to exports. While most of its peers in Central and Eastern Europe GDPs declined in the second quarter of 2009, Poland’s GDP grew 1.4 per cent,” Won Reports.
“In 2009, Poland’s economy is projected to expand, making it the only country in the European Union to report positive economic growth this year,” says ETF provider Van Eck.
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“The ETF, which has an expense ratio capped at 0.76 per cent, is 40 per cent in financials, 14 per cent in energy and 11 per cent in industrials,” Won Reports.
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