This year February 24th will be the sad three-year anniversary of the war / military conflict in the Ukraine.

As there is global news coverage that U.S President Trump and Russian president Putin might meet in Saudi Arabia to find a solution to bring the 3-year military conflict in the Ukraine to an end., global investors might want to focus and become more aware of EPOL and polish equities.

Invest in Poland if and where there is peace in Ukraine could become a global market narrative.

Poland is located in the heart of Europe, making it a logistical hub for trade between Western and Eastern Europe. Its proximity to major European economies is advantageous for manufacturing and export-oriented businesses. Poland has a highly educated, tech-savvy, and cost-competitive workforce, especially in fields like IT, engineering, and finance. Cities like Kraków and Wrocław are hubs for IT outsourcing and business services. Poland and Google just established a strategic partnership to accelerate the use of AI, according to a statement following a meeting between Prime Minister Donald Tusk and Alphabet’s CEO Sundar Pichai in Warsaw. Google also agreed to expand AI training programs to one million Poles. Contribution of over $5m over 3 years to the local ecosystem Poland.

Already Mr. market is telling us a story and is providing money making opportunities. Year-to-date Poland EPOL has outperformed URTH global equities by +18.9%.

The USD dividend yield on Poland is 4.87% and to put this in global comparison the current dividend yield on global equities ETF URTH is 1.4%. SPY united states S&P 500 index ETF current cash dividend in us dollars stand at 1.16%. Poland EPOL next ex-dividend date is 0616/25 and its yield is 4.87% in the currency of the United States.

In the 24 hours a day global FX market, the RUB (Russian Ruble) as of today is the best performing currency against the United States dollar while Russia and Mr. Putin are still on US and at least western or Nato sanctions. Is the global market discounting the future and is the global market more powerful and smarter than any government or president?

Year-to-date 2025, previously boring and mundane European equities have started to outperform the U.S of A stock market . year -to-date data shows the SPX +3.97% and Europe’s Euro Stoxx 50 index +12.53%.

America is valued at P/E 25.6x; while Europe is P/E15.8 x; Poland P/E 14.9x.

While president Putin is proud of Russian culture and Russian and Soviet Union history, the best vodka in the world might still be polish and not Russian.

Over the past two decades, Poland has heavily invested in infrastructure, including highways, railways, and airports, largely funded by EU support.

The continuity of thought of the global markets seems to think and vote with its money that the European Union and (Poland ) in particular would see the most immediate benefits from peace in Ukraine, as energy costs stabilize and trade resumes, followed by re-construction of Ukraine.

Adam smith of the wealth of nations might call it the invisible hand of the global financial market.

Poland and its WIG index is already the 2nd best performing stock market so far this year, the trend might be beginning and not its end.

The global financial market “discounts” the future. Reading the mind of the market and the analyst community is a hallmark of the accomplished investor and family office.

Polish equities could be a big winner if or when peace returns to the Ukraine, the financial markets adage of the trend could be your friend could well hold to be true in stocks on the Warsaw stock exchange.

Poland Index dropped 6.4% last year, lagging other European equity gauges. WIG20 index of the 20 biggest and most liquid stocks traded in Warsaw extends year-to-date gain to 18%, best performance among major global equity indexes this year.

Peace in Ukraine would likely have a broad positive impact on multiple economies and stock markets, particularly those in Europe like Poland, as well as global markets tied to energy, agriculture, and defense.

As Ukraine’s neighbour and a major hub for refugees and aid, Poland could see a significant boost in trade and reduced economic strain from hosting refugees.

The Warsaw Stock Exchange could benefit and even boom as peace enables Poland to strengthen its trade ties with Ukraine, Europe and the rest of the world.

The PLN polish zloty so far is the 11th best performing currency against king dollar and the trend could be your friend as with iShares MSCI Poland ETF (EPOL).

EPOL is the United States listed iShares MSCI Poland ETF and an efficient and cost-effective investment vehicle through which to express a view on polish assets and the WIG index and MSCI Poland index.

The WIG20 is a capitalization-weighted stock market index of the twenty largest companies on the Warsaw Stock Exchange. WIG is an acronym for “Warszawski Indeks Giełdowy”, which translates to Warsaw Stock Index in Polish.

Poland is the fifth-largest European Union member by population 38 million , has seen a pattern of declining numbers of inhabitants in recent years, much as many of its peers have experienced. But that all changed in 2022 due to the unfortunate war in Ukraine and Poland accommodating more than 2 million Ukraine refugees.

Chicago in the United States is a city with many polish immigrants. The U.S with a history of Polish migration dating back to the 1830s – and more than one million people of Polish descent in its metropolitan area today – Chicago is the traditional capital of the Polish diaspora in the United States.

The European Union (Poland ) would see the most immediate benefits from peace in Ukraine, as energy costs stabilize and trade resumes.

As of 2025, Poland is ranked as the 21st-largest economy globally in terms of nominal Gross Domestic Product (GDP), with a GDP of approximately $915 billion. When adjusted for purchasing power parity (PPP), Poland’s GDP is about $1.992 trillion, placing it 20th worldwide.

Global investors view Poland as a mix of stable economic fundamentals, growth opportunities, and untapped potential, making it one of the most promising markets in Central and Eastern Europe, especially if and when peace returns to the Ukraine.

This information is for educational purposes only and does not constitute financial advice. Always conduct your own due diligence or consult with a financial advisor before making investment decisions. Past performance is not indicative of future results, and investments carry the risk of loss. Or at least volatility.

Investing in Poland and in the iShares MSCI Poland ETF (EPOL) involves certain risks and considerations that should be carefully evaluated before making investment decisions. While Poland is an emerging market with significant growth potential, investors should always consider total portfolio risk and portfolio allocation.

Rainer Michael Preiss, Partner & Portfolio Strategist at Das Family Office in Singapore