CEE a positive place to be for growth revival
1 October 2009
A growth revival is on the cards for countries
within Central and Eastern Europe (CEE) if the European Institutional
Conference, held by Generali Investments, is anything to go by.
The event, held in Prague last week, saw Generali Investments present
clients with the results of its main strategies for risk-cautious investment
approaches, which Carlo Cavazzoni, head of global distribution, said had
shown a performance well above money market returns for the last three
years. “And the respective funds are confirming their success also
in 2009,” he added.
Dr Thomas Hempell, economic analyst and strategist at Generali Investments,
said: “In the CEE countries, EU membership, further integration
and Euro adoption should help convergence forces to unfold again after
the crisis. CEE still has the potential to grow faster than the advance
economies in the longer-term.”
One such success story is that of fund manager Ernst Mosser, whose Generali
IS-Central and Eastern European Equities, delivered a return of 33.5 per
cent year-to-date.
The conference also covered the hot topic of the UCITS IV directive, with
Professor Amin Rajan, CEO of Create Research, predicting a turnaround
in customer expectation: “Client needs will be changing dramatically,
demanding simplicity, quality and safety.”
Experts at the conference also agreed that the regulatory changes following
the UCITS IV implementation should reduce the administrative burden, increase
investor protection and improve market efficiency.
