Turkish Delight: Turkey is an Investment Sweetspot

Turkey is emerging as a regional economic power

HSBC Global Asset Management 23 August, 2012 | 8:00AM

This article is part of Morningstar's "Perspectives" series, which is a series of articles written by third-party contributors. Here, HSBC Global Asset Management outlines the current economic and market conditions in Turkey.

The Turkish equity market has been one of the world’s best performing equity markets with a year-to-date return of more than 30% in dollar terms. Although there may be a short-term correction as the global stock market rally pauses for breath, optimism remains in the medium to long term as the country continues to emerge as a regional economic power.

Ercan Güner, manager of the US$172 million HSBC GIF Turkey Equity fund, managed from Istanbul, said the Turkish economy remained resilient to the global economic downturns witnessed in recent years, benefiting from low levels of public and household debt, favourable demographics and a solid and profitable banking industry.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
HSBC GIF Turkey Equity A GBP Acc8.57 GBP-0.07

About Author

HSBC Global Asset Management  is the core investment business of the HSBC Group. The business manages assets totalling US$409 billion and is a leader in emerging markets funds.

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