Investors who fled in 2015 are returning to Greece

International investor interest in Greece, its banks and several local listed companies has increased to an impressive degree, as Wood & Co's four-day conference showed this week. This was also evident in the five-week rally on the local stock market, which has seen its benchmark jump 35%.

The Winter Wonderland EME Conference, which this year took place online, showed that a large section of investors who held one-on-one meetings with representatives of Greek listed companies are funds that have abstained from the local bourse for years after abandoning it in 2015. This "new money" for the Athens Exchange many well be the best omen for its future as this is a market long trapped in shallow waters.

The Wood & Co event that started on Tuesday and concluded on Friday exclusively concerned emerging markets, which is another point that made Greece stand out. Analysts...

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