Large emerging markets assets funds of over 20 billion euros attended presentations of Greek companies. Fund managers participated in so-called one-to-ones with Greek officials listed in New York, showing that the interest for Greek titles remains undiminished.
What is the new data on investment funds: Firstly, that the current investment shcemes from San Francisco and California that have occured in the past, are willing to take bigger risks on Greek companies. For some people, however, the market’s outstanding performance in the past two years is a criterion that leads to a cautious attitude towards the current market capitalization. Consequently, some fund managers are becoming more demanding in investigating and coming to decisions for companies that have substantial prospects for recovery and growth to increase their shares.
At the forefront of these is the Mytilineos-Metka group, the capitalization of which is expected to favor the most from the settlement of costs of aluminium, and the recovery of demand for the course of the metal in the upcoming three years. The group is part of the energy sector, and is -along with the banking sector -considered to be the “hottest” sector for international investors, since there are important steps towards liberalization of the market and the involvement of private producers, expected to be taken.
In the foreground of interest are banking stocks, but what changes is that for the first time, there is interest expressed in the so-called “small caps”, represented by Corinthian Pipeworks, Thracian Plastics and Plaisio stores.
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