Emerging Europe: assessing the continent's rising stars

We believe emerging European equity markets continue to offer an attractive investment proposition, with a favourable combination of share price valuations, policy response and earnings growth. Economic growth, especially in the regional heavyweights of Russia, Poland and Turkey, remains stronger than that of the ‘developed’ European economies and is based on long-term structural changes such as growing household consumption and infrastructure investment. The wider investment case for Eastern Europe and Russia is supported by a growing and increasingly affluent middle class. Domestic ...