IFAs should reassess the investment potential of Eastern Europe as as an asset class, suggests JP Morgan Fleming, as those countries joining the European Union on 1st May appear to have healthier economies than Western Europe.
According to JPMF, the outlook for Eastern Europe is positive at least for the next couple of years once they enter the Eurozone in two weeks time, as Eastern European countries are still seeing a rapid improvement in their macro-economic conditions in order to meet EU entry and are expected to continue to benefit once the date passes. In particular, the end of trade barriers and greater potential for privatisation and shareholder value is expected to significantly benefit companies in countries such as Poland, as labour and manufacturing work is now shifting from countries such as Spain...
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