A “battering” for Polish investors

Central Europe's new retail investors are learning that stocks can also go down. And Poland - where almost 10% of the population invests in funds - has been especially rattled.

Central Europe's new retail investors are learning that stocks can also go down. Since 2000, the number of small investors has rocketed as strong growth has lit a fire under equities. But thanks to the recent global turmoil, the region's new investors have now had "their first real battering", says Vanessa Gera in the International Herald Tribune.

In Poland, where by September 2007 the number of fund investors jumped to 3.3 million, or almost 10% of the population up from 2.4 million in 2006 funds were more exposed to equities than in neighbouring countries, so investors are especially rattled. January's withdrawals reduced the value of local funds' assets by around 8%.

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