Croatia still waiting to join emerging indices

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Croatia is likely to remain off emerging market fund managers' radar screens in the short term, alth...

Croatia is likely to remain off emerging market fund managers' radar screens in the short term, although long term forecasts show the market is set to become increasingly attractive. Leila Kardouche, fund manager at Schroders, says the election of the new coalition government in January, and appointment of Stipe Mesic, from the small centrist Croatian People's Party, as president, was a major positive for the market. In her eyes the change in government has heralded the end of nationalism and the start of rapid integration with the European community. However, Croatia is still not a forma...

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