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“Capital Gains Tax Has a Strong Negative Effect on Private Investment Volumes”
Erste Group Research expects a moderately positive performance for the ATX in the second half of 2011. Top picks: OMV, RHI, Immofinanz, voestalpine, AMAG, Kapsch, Polytec, AT&S.
“Capital Gains Tax Has a Strong Negative Effect on Private Investment Volumes” / Picture: © Vindobona.org
2011 has been a year of below average stock performance for the ATX up to now (-10% YTD). The Vienna Stock Exchange more or less just followed the negative international trend. Extraordinary factors like the Arab crisis, the events in Japan and the persistent debt crisis contributed to creating an overall gloomy environment. The much lower debt ratios in Austria and CEE have not been…
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