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some emerging markets in Asia and South America suffered sell-off storm attack, the global fund managers are beginning to aggressively buy such asIn Hungary,The forint, the Czech republic bank stocks and other assets.The euro zoneEconomic recovery boosted demand, plusCentral and eastern EuropeLow valuations, make it easier for Europe to emerging markets is becoming the rising of the new "safe haven".
But analysts say itregionNot completely get rid ofThe federal reserveCuts to quantitative easing (qe), the influence of the euro zone's crisis is also constitutes the unstable factors.
Emerging European markets improve
In the Indian rupee and the Turkish lira fell to a record low, at the same time, the Czech republic is in the second quarter of the last 18 months of the recession.The polish zloty and Bulgaria Lev currency against the dollar since may also rose.
According to the msci index providers, central and eastern Europe over the past three months the stock market rose 1.2%, while emerging market as a whole fell 7.5%.Excluding was badly hit by the decline in commodity prices of the Russian company, the market is up 2.3%.
A market liquidity of the strongest Poland index fund (ishare msci Poland) has returned to pre-crisis levels, up 20% in the past year.[microblogging] nasdaq omx (3589.87, 30.43, 0.84%) of the Baltic index (such as Latvia, Estonia and LithuaniaEmerging economies) also rose 20% year-on-year.
Data provider epfr global shows that since the beginning of may, the main investment in Poland stock fund inflows of around $230 million.At the same time, by contrast, Europe, the Middle East and Africa share a total outflows of $930 million.
Many fund managers believe that, after a year and a half of recession, the western European economic recovery growth will stimulate people to the automobile, home appliances and other goods which are found in eastern Europe.
Export industries are boosting the European emerging markets.According to the Hungarian bureau, in the first half of the countryThe trade surplus3.68 billion euros, compared with the same period last year trade surplus of 3.62 billion euros.According to Poland's central bank said, Poland's trade surplus of 574 million euros in June, compared with the same period last year the trade deficit of 1.09 billion euros.Analysts believe that, in countries such as France and Germany to expand imports, the emerging markets of their neighbors will find that the trade surplus will increase.
Bank of New York Mellon, standish, a senior analyst BaiKeLan (kjetil birkeland), said he manages $15 billion of emerging market bond fund assets bought the polish zloty over the past six months.And he said, with buying more goods in Poland, Germany, zloty are expected to receive a boost.
According to data released on Monday, Poland in July retail sales grew 4.3% from a year earlier, higher than expected increase of 2.8%, at the same time, the unemployment rate fell to 13.1%.The Czech economy from 18 months of recession, from April to June, the country's gross domestic product (GDP) growth 0.7% from the previous quarter.
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