Turkey’s Troubled Economy Still Offers Opportunity
By Craig Mellow Jan.
An existential threat from the president of the U.S. isn’t what it used to be. In a Jan. 14 tweet, Donald Trump offhandedly threatened to “devastate” Turkey’s economy if the NATO ally crossed him in Syria. The iShares MSCI Turkey exchange-traded fund has jumped 14% since then, and the Turkish lira has climbed 3% against the dollar. The good times should keep rolling for a while for bond investors betting on the currency. Turkish equities are trickier, but may offer some select bargains.
More:Turkish Markets Offer Selected Opportunities - Barron's
