US roadshow lags in interest

Far from enthusiastic, investment funds have been reserved about the prospects of Greek stocks and the country's post-bailout period at the annual Greek Investment Roadshow, which ends on Friday in the US. The tone had already been set by Tuesday and Wednesday, both important days for the seventh installment of the event.

The main conclusion that can be drawn from this year's roadshow is that investor participation and interest was well below that of last year, which saw a record number of one-to-one meetings taking place thanks to the advent of new funds and increased interest in Greek banks.

The meetings held between international fund managers and representatives of Greek companies this year further revealed that the former are choosing to follow a "wait-and-see" strategy and have no intention of increasing the exposure of foreign portfolios in the Greek sock market,...