Business & Finance

Reuters analyzes how foreigners suspend disbelief, edge back into Turkish markets

In an in-depth analysis, Reuters reported how foreign investors, who for years saw Turkey as a lost cause of economic mismanagement, are edging back in, drawn by the promise of some of the biggest returns in emerging markets if President Tayyip Erdogan stays true to a pledge of reforms. More than $15 billion has streamed into Turkish assets since November, when Erdogan – long skeptical of orthodox policymaking and quick to scapegoat outsiders – abruptly promised a new market-friendly era and installed a new central bank chief. Interviews with more than a dozen foreign money managers and Turkish bankers say those inflows could double by mid-year, especially if larger investment funds take longer-term positions, following on the heels of fleet-footed hedge funds.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy & Policy
Regions: Emerging MarketsMiddle EastNorth America
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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