Poland key play in convergence says JPMF manager

Share prices are not the cheapest of the 10 new countries joining the EU, but compared to prices compared to growth potential for companies listed in Western Europe, Polish companies represent good value. The country is benefiting from a cyclical recovery, a liquid market, and flows of new money from pension funds, which is finding its way into a flow of well-priced IPOs. And although accession countries require up to 20 years to catch up with even the currently lowest ranked EU members in terms of GDP per capita, Robinson says factors such as wage differentials will hand firms operat...