Where do analysts say is the best place to invest overseas?
You guessed it… Ukraine.
On a bottom up basis, analysts predict the
PFTS index will rise by 41% to 810.08, after closing out 2009 at
572.91, making it the best likely performer in 2010.
Meanwhile, the Indian NIFTY is forecasted to decrease by 1.25% to 5,135.93, after closing 2009 at 5,201.05.
Last year, the variance for analyst forecasts for Ukraine was -10% and +47% for India.
They were near-perfect on Spain with a variance of just +64 basis points, while missing the most on Taiwan at -57%.