ETF Fans Await Their Prague Spring
I find it amazing that there hasn't been enough evident demand for Eastern European investment vehicles to warrant an ETF....
"Eastern European stocks have been sizzling, but for ETF investors the region remains tantalizingly out of reach.
A leading index tracking shares in Russia, Poland, Hungary and the Czech Republic jumped 21.5% in local currencies in 2004. In dollar terms, last year's gain was 32.1% -- nearly triple the S&P 500's rise. "
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