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News Parkiet
29.12.2004,
Equity market
Year-end tax selling picks up again
Polish investors dumped millions of shares at below-market prices in a series of after-hours block trades this month in a last-ditch attempt to reduce their capital gains taxes. Records compiled by PARKIET show that some stocks changed hands at close to 40 percent below their price during regular hours. Most are expected to change hands once again in January, returning to their previous owners. The deadline for tax-loss selling expired yesterday because of the three-day settlement period.
Mutual funds
Money managers raking in cash
At least nine out of sixteen mutual fund groups in existence since January 2004 expect stronger earnings from fees and commissions despite sluggish flow...
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