Mutual fund managers are upbeat about the trend of the StockExchange in the last quarter of the year, with some of them bankingon the fact that the possible floatation of Fondul Proprietatea(Property Fund) in 2011 will put the domestic market back onforeign investors' map, while others maintain the bad economic newsis already included in current quotations and it will no longertake investors by surprise.
Intoxicated by last year's Stock Exchange rally, fund managersare hoping stocks will continue their aggressive advance in 2010 aswell. The nine-month Stock Exchange performance, with SIF stock asunderperformers, proved their expectations wrong, though. Theaverage yield of mutual funds stood at 5.5% in the first threequarters, four times lower than the average performance of the sameperiod of 2009.
Nevertheless, the last quarter is likely to bring positivedevelopments and is making the stock market a more profitablealternative than banking deposits, managers believe.
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