Good Prospects for ATX

Businessn.a. ♦ Published: April 12, 2012; 11:52 ♦ (Vindobona)

According to Paul Severin at Erste Asset Management, Austrian equities may face a significant upward trend.

Good Prospects for ATX / Picture: ©

“After the significant correction of the stock market again in 2011, the prospects for the ATX are much friendlier in the first quarter of 2012. Since the beginning of the year, the Vienna stock market reported a plus of 14%. With this the ATX performed significantly better than the pan-European EURO STOXX (+8%).” Severin says.

The drivers of this strong performance were…