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GPW CEO's predictions
Marek Dietl
Polish stock exchange operator GPW expects to benefit from Poland's upgrade to developed markets category after a transitory period, CEO Marek Dietl told PAP in Krynica.
"We can certainly expect a large reshuffling of investors' portfolios over the course of the next 1-1.5 years, just as we saw in in South Korea and in Israel," Dietl said. "In such a moment it is hard to say or forecast a clear trend."
"However, we expect that after this period, there will a better balance between different groups of investors - we will have new algo-traders, new active funds as well as a number of passive funds, absent on the Polish market so far," the CEO said. "As a result, after the transitory period, we expect a positive impact of changes in the indexes."
In the transitory period the Polish equities could benefit from being added to the Stoxx index, which is expected in September, Dietl said.
". . . a number of European funds will take exposure to our biggest companies regardless of the reshuffling of passive funds or the assessment of these companies' valuations, which will positively impact the market in this difficult period," he explained.
Also, WSE CEO fears no outflow of Polish companies to other European bourses, he said.
Poland will ascension to a developed market status at FTSE Russell agency takes effect on September 24.