Hello everyone,

In view of what is currently going on in Western Europe (debt crisis etc.), I wondered whether it wouldn't make sense to look beyond Western Europe.

Eastern Europe in particular shines with stable economic growth and up-and-coming companies.

I became particularly aware of:

ETFs:

$EAST (-0,21%)
$EPOL

Poland:

$DNP (+0,92%)
$BFT (-0,34%)
$PKO (-1,43%)

CZ:

$MONET (-1,8%)
$KOMB (+0,93%)
$EFORU (-1,77%)
$CEZ (+0,28%)

Hungary:

$RICHTER (-1,7%)
$OTP (+0,48%)
$ANY

I have long considered building up smaller positions here in order to broaden my portfolio.

What is your opinion on this?

The debt capital market (Debt Capital Market, DCM) enables corporations and governments to raise capital through the issuance of bonds and other debt instruments. This is a list of the top players per region:

• Bank of America Securities ($BAC (-1,08%))
• Is not only the largest player in North America, but also globally. It remained in second place for global issue volumes and fee income and rose in the rankings for high-yield bonds in the USA from 5th to 3rd place.

• Erste Group ($EBS (-0,76%))
• supported Central and Eastern Europe with significant deals such as the issuance of € 600 million sustainability-linked bonds for CEZ ($CEZ (+0,28%)) and green bonds of 500 million euros for Ceske drahy.

• Deutsche Bank ($DBK (+0,17%))

secured outstanding deals in Europe, including a 2.5 billion US dollar bond from the European Bank for Reconstruction and Development and a 3.3 billion US dollar bond offer from the German Stock Exchange ($DB1 (-0,14%)).

Further expand current position. Outlook looks good!