New members of the EU might offer attractive investments, new research indicates.
Data released by Halifax Financial Services shows that while the stock prices across the EU have increased by an average of 118 per cent since 2003, accession countries offered an even greater return on investments.
Bulgaria recorded an increase of 352 per cent, while Lithuania (309 per cent) and Romania (299 per cent) were close behind.
Martin Ellis, Halifax Financial Services chief economist, said: "The top performing stock markets over the past five years are primarily the newest members to the European Union.
"These countries have clearly benefited from greater capital flows, especially foreign direct investment and the further integration of their financial markets within the EU."
However, he recommended that anyone who is keen to make investments in European stock markets should consult a broker before doing so.
Yesterday, Ian Ormiston, European investment director at Resolution Asset Management, claimed that small cap firms are currently more attractive to investors than is commonly perceived at the moment.
EU investments grow 118 per cent in five years
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EU investments grow 118 per cent in five years
Thu, 15 May 2008
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