"Baring scents Turkish delight
By Alexander Jolliffe
Published: February 15 2005 02:00 | Last updated: February 15 2005 02:00
The �155m Baring Emerging Europe investment trust has been acquiring a taste for Turkey.
Stuart Richards, the manager of the fund, argues that Turkish share prices will continue to rise as investors react to the expected benefits of convergence with the European Union.
Turkey's ISE National 100 index rose by more than 15 per cent in local currency terms between December 17 - when the European Union announced that accession talks were due to begin - and February 7.
Mr Richards believes Turkey's economic reform is set to keep benefiting investors in the country's stock market."
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