Managers have warned more pain may lie ahead for Turkey as the country tries to recover from its recent currency crisis unless the authorities can restore market confidence through credible policy actions, while there is a threat its troubles could "morph into a systemic risk for other emerging market countries".
The Turkish lira plunged 11% against the US dollar last Monday to hit a record low of TL7.2149, following a 20% fall the previous week, as a row with the US pushed Turkey into a full blown currency crisis....
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points