Zahrani\u010dn\u00ed investo\u0159i hraj\u00ed v\u00fdznamnou roli p\u0159i formov\u00e1n\u00ed likvidity a cen na \u010desk\u00e9m akciov\u00e9m trhu. Podle \u010cNB se pod\u00edlej\u00ed na kapitalizaci spole\u010dnost\u00ed k\u00f3tovan\u00fdch na Pra\u017esk\u00e9 burze cenn\u00fdch pap\u00edr\u016f p\u0159es 60 %, zejm\u00e9na v energetick\u00e9m, finan\u010dn\u00edm a tab\u00e1kov\u00e9m sektoru.
\nMezi nejv\u011bt\u0161\u00ed zahrani\u010dn\u00ed akcion\u00e1\u0159e pat\u0159\u00ed rakousk\u00e9, n\u011bmeck\u00e9 a americk\u00e9 investi\u010dn\u00ed fondy. Nap\u0159\u00edklad Erste Group (Rakousko) kontroluje v\u00fdznamnou \u010d\u00e1st bankovn\u00edho sektoru, zat\u00edmco Philip Morris International (USA) vlastn\u00ed tab\u00e1kovou spole\u010dnost Philip Morris \u010cR, jednu z nejcenn\u011bj\u0161\u00edch akci\u00ed na \u010desk\u00e9m trhu.
\nZahrani\u010dn\u00ed investo\u0159i preferuj\u00ed \u201eblue chips\u201c \u2013 akcie s vysokou kapitalizac\u00ed a stabiln\u00edmi dividendami. To vysv\u011btluje koncentraci z\u00e1jmu kolem spole\u010dnost\u00ed \u010cEZ, Komer\u010dn\u00ed banky a Moneta Money Bank. Mal\u00e9 a st\u0159edn\u00ed podniky i p\u0159es sv\u016fj potenci\u00e1l z\u016fst\u00e1vaj\u00ed mimo zam\u011b\u0159en\u00ed mezin\u00e1rodn\u00edho kapit\u00e1lu. Aktivita zahrani\u010dn\u00edch hr\u00e1\u010d\u016f se zvy\u0161uje zejm\u00e9na v obdob\u00edch glob\u00e1ln\u00ed nestability, kdy je \u010cesk\u00e1 republika vn\u00edm\u00e1na jako \u201ebezpe\u010dn\u00fd p\u0159\u00edstav\u201c ve st\u0159edn\u00ed Evrop\u011b. Siln\u00e9 makroekonomick\u00e9 ukazatele, n\u00edzk\u00e9 zadlu\u017een\u00ed a stabiln\u00ed export \u010din\u00ed \u010desk\u00e1 aktiva atraktivn\u00edmi ve srovn\u00e1n\u00ed s jin\u00fdmi rozv\u00edjej\u00edc\u00edmi se trhy.
\nKapit\u00e1lov\u00e9 toky ze zahrani\u010d\u00ed v\u0161ak podl\u00e9haj\u00ed volatilit\u011b. V roce 2022 do\u0161lo uprost\u0159ed energetick\u00e9 krize a geopolitick\u00e9ho nap\u011bt\u00ed ke kr\u00e1tkodob\u00e9mu odlivu zahrani\u010dn\u00edch portfoliov\u00fdch investic. To zp\u016fsobilo pokles indexu PX a zv\u00fd\u0161ilo zranitelnost trhu v\u016f\u010di vn\u011bj\u0161\u00edm faktor\u016fm.<\/p>\n
\nZ\u00e1jem investor\u016f je tak\u00e9 poh\u00e1n\u011bn trendy ESG. Spole\u010dnosti, kter\u00e9 zve\u0159ej\u0148uj\u00ed zpr\u00e1vy o udr\u017eitelnosti a sni\u017euj\u00ed svou uhl\u00edkovou stopu (nap\u0159\u00edklad \u010cEZ v r\u00e1mci dekarbonizace energetick\u00e9 soustavy), jsou \u010dast\u011bji za\u0159azov\u00e1ny do mezin\u00e1rodn\u00edch index\u016f ESG, co\u017e zvy\u0161uje p\u0159\u00edliv kapit\u00e1lu.
\nRegula\u010dn\u00ed prost\u0159ed\u00ed \u010cesk\u00e9 republiky je v souladu se standardy EU, co\u017e sni\u017euje bari\u00e9ry vstupu. Absence omezen\u00ed n\u00e1kupu akci\u00ed, transparentn\u00ed zve\u0159ej\u0148ov\u00e1n\u00ed informac\u00ed a mo\u017enost obchodovat prost\u0159ednictv\u00edm evropsk\u00fdch brokersk\u00fdch platforem zp\u0159\u00edstup\u0148uj\u00ed trh i drobn\u00fdm zahrani\u010dn\u00edm investor\u016fm.
\nZ\u00e1rove\u0148 nedostatek nov\u00fdch prim\u00e1rn\u00edch ve\u0159ejn\u00fdch nab\u00eddek akci\u00ed brzd\u00ed z\u00e1jem. V posledn\u00edch deseti letech se na burze prakticky neobjevili \u017e\u00e1dn\u00ed nov\u00ed v\u00fdznamn\u00ed emitenti, co\u017e omezuje diverzifikaci portfolia a tlum\u00ed dynamiku trhu.
\nN\u011bkte\u0159\u00ed zahrani\u010dn\u00ed investo\u0159i se zapojuj\u00ed do p\u0159\u00edm\u00fdch investic mimo burzu, a to prost\u0159ednictv\u00edm pod\u00edl\u016f v soukrom\u00fdch spole\u010dnostech nebo \u00fa\u010dast\u00ed na privatizaci st\u00e1tn\u00edch aktiv. Nap\u0159\u00edklad z\u00e1jem o energetick\u00e1 a logistick\u00e1 aktiva ze strany n\u011bmeck\u00fdch a skandin\u00e1vsk\u00fdch fond\u016f z\u016fst\u00e1v\u00e1 stabiln\u00ed.
\nCelkov\u011b vzato z\u016fst\u00e1v\u00e1 zahrani\u010dn\u00ed kapit\u00e1l kl\u00ed\u010dov\u00fdm hnac\u00edm motorem \u010desk\u00e9ho akciov\u00e9ho trhu. Jeho chov\u00e1n\u00ed p\u0159\u00edmo ovliv\u0148uje cenovou dynamiku, likviditu a reputaci zem\u011b jako investi\u010dn\u00ed destinace ve st\u0159edn\u00ed a v\u00fdchodn\u00ed Evrop\u011b.<\/p>\n","protected":false},"excerpt":{"rendered":"
Zahrani\u010dn\u00ed investo\u0159i hraj\u00ed v\u00fdznamnou roli p\u0159i formov\u00e1n\u00ed likvidity a cen na \u010desk\u00e9m akciov\u00e9m trhu. Podle \u010cNB se pod\u00edlej\u00ed na kapitalizaci spole\u010dnost\u00ed k\u00f3tovan\u00fdch na Pra\u017esk\u00e9 burze cenn\u00fdch pap\u00edr\u016f p\u0159es 60 %,…<\/p>\n","protected":false},"author":2,"featured_media":70,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-69","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trhy"],"_links":{"self":[{"href":"https:\/\/neoloricin.com\/index.php?rest_route=\/wp\/v2\/posts\/69","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neoloricin.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neoloricin.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neoloricin.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/neoloricin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69"}],"version-history":[{"count":1,"href":"https:\/\/neoloricin.com\/index.php?rest_route=\/wp\/v2\/posts\/69\/revisions"}],"predecessor-version":[{"id":71,"href":"https:\/\/neoloricin.com\/index.php?rest_route=\/wp\/v2\/posts\/69\/revisions\/71"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neoloricin.com\/index.php?rest_route=\/wp\/v2\/media\/70"}],"wp:attachment":[{"href":"https:\/\/neoloricin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neoloricin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neoloricin.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}