"Turkey’s star is still rising for ETF investors
Thursday, 4th November 2010
A bull market should continue to climb despite speculation
Donata Huggins
WITH a near-record 18 IMF bailouts, Turkey might not seem like a smart investment to the untrained eye. But in just a decade the country has gone from a basket-case to a fully-fledged bull market. At this rate the country is tipped to grow faster than China in the next decade. News like this has generated huge interest from exchange traded fund (ETF) investors and providers alike. But could this be too much too soon? Emerging market guru Mark Mobius thinks so. And he got himself into a lot of trouble with Turkey’s Capital Markets Board last week by saying so. He reckons that there will be a 15 to 20 per cent correction on the Istanbul Stock Exchange by the end of the year. Could he be right? Is the relentless boom really here to stay?"
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