Still early for domestic investment funds
Serbia does not have a developed market, Gordana Dostanić, head of the Belgrade stock market said.
Monday, 17.07.2006.
15:58
Still early for domestic investment funds
Dostanić said that the first domestic investment funds might start operations at the beginning of next year and added that the question what those investments will be remains anybody’ guess, since there are no indications that the public companies plan to place a part of their capital on the market.Over 1000 companies listed in the market can currently offer their bonds, out of which a little over 500 had at least one transaction, while only the shares of 36 companies are continually traded in.
Speaking about the poor market condition, Dostanić said that out of all the listed companies, only 50 have their trade balance published related to last year, which is a basic financial necessity for any company, on a semi-annual level. In her words, all this will not entice the potential investors make serious portfolios in this market.
The stock market’s business operations representative, Siniša Krneta, wondered what the investments will be, and said that Serbian citizens who wish to secure their future will make payments toward voluntary pension funds which will then be invested in the neighboring countries’ companies.
‘At this momen, a Serbian national company that can be listed on the stock market does not exist’, Krneta concluded.
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