Turkey: Emerging Europe's sweet spot?

Special report

Charlie Walker examines the investment potential of Turkey.

The Next 11 and CIVETS are two of the most familiar acronyms to emerge since BRIC and, interestingly, both concepts include Turkey. Coined solely as a way of identifying the next big growth stories, the country’s inclusion in the acronyms suggests it contains an interesting investment case. Significantly, Turkey’s geographic situation as the bridge between Europe and Asia means it can boast attractive trade relationships. However, for a long-term investor, there is more to the story. According to Namik Aksel, CEO of HSBC Asset Management in Turkey, the country’s domestic demand-driven...