During the review period, the steady rise in oil prices came as a saving grace for Russia, the largest of the economies under our purview in the emerging Europe region. In Turkey, the surprise call for early elections turned the spotlight on the problems faced by the economy such as slowing growth, soaring inflation and depreciation of its currency lira. Poland, the largest among the former Soviet satellite states, looks set to sustain its GDP growth rate this year as well after expanding 4.6% in 2017.
Switzerland’s export rich economy is not without challenges. There is a need to remove barriers to entry in network industries such as the energy, postal and telecommunications sectors. To further galvanize the Swiss economy, full-time participation in the labor markets for women must be facilitated, and non-tariff trade barriers must be removed.
Thomas White International is an independent, employee-owned asset management firm with offices in Chicago and Bangalore, India. Employing a value style, our investment approach blends a highly detailed, quantitative equity valuation method, with disciplined stock selection by a seasoned investment team. Backed by an exhaustive research process, the breadth of our research allows us to spot opportunities in relatively less known regions, while the depth of our process seeks to reduce risks through detailed evaluation of the regulatory environment, industry competition, and management quality. From mutual funds, to separately managed accounts, and institutional portfolios, Thomas White International now offers a large bouquet of asset management offerings, covering international, global, and emerging markets mandates.
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