EPOL - EPOL: Polish Equities Could Perform Well From Present Prices But Outcomes Are Unpredictable
- EPOL is an ETF focused on the small Polish equity market.
- Due to regional war and inflation, earnings growth expectations are not strong.
- Yet the implied IRR for EPOL is quite high.
- Still, outcomes are unpredictable in both the Russo-Ukrainian War and euro area inflation.
- With high local interest rates (risk-free rates), Polish equity valuations are naturally constrained. While EPOL could perform quite well from present prices, I would remain neutral given the risks and alternatives.
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EPOL: Polish Equities Could Perform Well From Present Prices, But Outcomes Are Unpredictable