Best Returns in Poland Are Stocks Flying Under Government Radar
- Mid-cap index index gains 19% as blue-chips retreat in quarter
- Investors seek alternatives to companies hurt by state policy
This article is for subscribers only.
Poland’s equity investors are sidestepping government efforts to encroach on state companies by piling into stocks of medium-sized firms instead.
As the benchmark WIG20 Index fell for the third straight quarter, a gauge of mid-cap businesses soared 19 percent in its best performance since 2009. Growing demand for Polish goods and services at home and in Europe pushed turnover in the 40-member index up by almost half in August as volumes in blue-chip stocks declined.