Managers: Turkey still faces challenges despite short-term election boost
President Erdogan
The Borsa Istanbul index may have rallied over 5% on the back of the Justice and Development Party's (AKP) surprise win in Turkey's general election on 1 November, but fund managers have warned caution is still needed when investing in the country.
Turkey has been one of the worst-performing constituents of the MSCI Emerging Markets index, down 26% in dollar terms during the year to 14 October, as concerns over rate rises in the US, as well as increased...
