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The Warsaw Voice » Business » June 25, 2008
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Franklin Templeton: Invest in the Zloty
June 25, 2008 By A.R.    
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The euro is overvalued in relation to the zloty, and there is every reason to invest in the Polish currency, says David Zahn, vice-president and investment portfolio manager at the Franklin Templeton Fixed Income Group in London.

Franklin Templeton, which offers a large number of investment funds in Poland, is optimistic about the prospects of the Polish economy. Its positive evaluation stems from a belief that the euro is overvalued in relation to many other currencies, including the zloty, says Zahn.

The latest appreciation of the Polish currency and the possibility of its further growth has encouraged Franklin Templeton to invest in the zloty, Zahn said. In addition, the efforts of the National Bank of Poland to keep inflation in check are looking good, Zahn said, as is the country's small current-account deficit, financed with an appropriate inflow of foreign direct investment. In general, Zahn said, Franklin Templeton believes Poland has a good credit standing, with a recent upgrade from Standard & Poor's rating agency.

Franklin Templeton offers a steadily growing number of investment funds in Poland. At the end of March, Polish investors could choose from among 60 funds, including those that invest in either stock or fixed-income instruments, in addition to funds focusing on a specific type of assets such as emerging-market shares and bonds, shares in hi-tech and raw material companies, as well as corporate bonds.
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