Baltic stocks some of best in world

  • 2003-04-10
  • Thomas Foulquier
RIGAOver the past year share prices in the three Baltic states have grown gradually and steadily to reach record highs, raising eyebrows of international investors and forcing astute money managers to rethink their investment strategies.Weary with scandal-ridden, war-sensitive equity on Western markets, many investment gurus are finding the Baltics a lucrative alternative.Driven by a steady inflow of foreign funds, share prices grew 27 percent last year in Latvia, 24 percent in Lithuania and a whopping 40 percent in Estonia. Now compare that with the 17 percent freefall of the Dow Jones Ind...
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