Spotlight on Turkey

EASTERN EUROPE

Emerging Europe will not currently be on investors' radar, but David Reid, portfolio manager of the BlackRock Emerging Europe trust, looks at the opportunities available in countries such as Turkey

What started out as investor frostiness to emerging markets last year, has turned positively icy in 2014. There has been larger EM portfolio outflows in the first five weeks of 2014, than for the whole of 2013. In the emerging European region, the timing seems rather fitting, coinciding as it does with the Sochi Winter Olympics having just finished. That event, a great celebration of sport on ice and snow, is a useful reminder that freezing and inhospitable conditions can actually be exciting, as long as you have the right skills and equipment to exploit them. The same is true for inv...