At the highest levels historically ei bi si di i ef gi driven the participation of foreign investors in the ASE, as indicated by the official data repository with 51.47% in February, compared with 51.36% .... November, 51.53% on August 51, 65% in July, 53.31% in May and 51.99% in March of the same year.
From the November 2009 began a gradual ei bi si di i ef gi withdrawal of foreign investment firms from the Greek Stock Exchange, which was accompanied by the closure of dealing rooms in Athens and peaked a year later with the cancellation of shares of monitoring Ftse 20.
The financial ei bi si di i ef gi nightmare in the country, which continues for the sixth consecutive year, has removed at least 50 foreign funds attending the ASE, which was confirmed in both roadshows, ei bi si di i ef gi in London and New York in the autumn of 2012 more active presence in Greece and to in November 2009 from the big investment banks were as follows: UBS, Citigroup, Nomura, Merrill Lynch, Keefe Bruyette & Woods, Credit Suisse, Goldman Sachs, Deutsche Bank, Natixis Securities, CA Chevreux and Morgan Stanley. In contrast, the most prominent hedge funds that have stopped watching the Greece is: Ba Pension ei bi si di i ef gi Fund, Amber Capital, Adelphi Capital, Auerbach Grayson & Company, Brevan Howard, Fideraum Asset Management, Gartmore, Pensato ei bi si di i ef gi Capital, Tiaa Cref, Henderson, River & Mercantile ei bi si di i ef gi etc. It should be noted, ei bi si di i ef gi however, that in the last meeting in October appeared to Goldman Sachs, the UBS and JP Morgan to purchase orders for the four largest ei bi si di i ef gi banking stocks, but the titles of OPAP, the Greek Public Power Corporation of Petroleum and Coca-Cola Hellenic .
Can Stock have 20-25 listed with good international presence, but the financial return shocks and not allow foreign funds to restore on their computer screens the Greek stock market. Especially now, when foreign firms, such as American Rusell and the house FTSE remove shares from their lists or degrade the ASE in an emerging market. For the record, however, it should be noted that until 2010, culminating in the recession Greece had the presence of ASE over 200 hedge funds, representing about 120 international investment "houses."
In the four years 2004-2007, foreign investors pumped in ASE more than 17 billion. Euros, while the four years 2009 to 2012 have gone into liquidation ei bi si di i ef gi Greek shares at a value of 2 billion. Euros. Even today, despite the return of liquidations, foreign ei bi si di i ef gi investors retain control over the shares of large-cap, as you have acquired a particularly attractive valuations 2008-2009. As is known, the major international agencies and especially the great American investors were among the first to have disinvested in Greek Stock Exchange, although since the beginning of last year's summer appeared discreetly some purchase orders. Indeed, there are few on the market those who attribute Mkt rallies in September in fresh funds of Goldman Sachs, mainly to banks and the next subsequent to February in Fairfax, the Silsester, the Fidelity.
However, it is known that in our market operate smaller funds, which, however, are too large for the Greek stock market and manage funds in the range of 5-10 billion. Euros each. The goal of management is to ASE epanaproselkysoun foreign funds for sectors of particular interest at this time in Greek economy. These are the sectors of energy (wind, solar, waste management), real estate, infrastructure (ports, airports, roads), tourism, agriculture and manufacturing. ei bi si di i ef gi
Indeed, according to the draft law has promoted the SEC and the Ministry of Finance in this House, there is mention of the mutual funds high-risk, so-called risk return asymmetry funds , who wish to invest in ASE. The shares of these funds - refers to the n / p - will be listed on the Exchange. Through these investment vehicles, funds will be transferred from the global investment community to companies active in the Greek economy, taking advantage of tax benefits.
In February last year, the participation of foreign ei bi si di i ef gi investors was 49.7%. Greek investors at the end of the month held 47.08% of the total capitalization of the ASE of 47.72% at the end of January 2013 from the inputs of 42,078 million. Showed the euro in February 2013, international investors whole 48.5 million. euros came from institutional investors and 1.59 million. euros of foreign natural persons, while outflows 6.12 million. euros recorded by foreign legal persons and 1.89 million. euros from other entities. Greek investors were sellers, ei bi si di i ef gi with capital outflows
