Mobius: 'Real possibility' of capital controls in Turkey

Would cause damage to other emerging markets

Mike Sheen
Mark Mobius warns on Turkey situation

Mark Mobius warns on Turkey situation

Emerging markets investment veteran Mark Mobius has warned of the negative implications for the emerging markets asset class as a whole if Turkey is forced to close its "foreign exchange window".

Turkey, which is facing a raft of fundamental problems such as double-digit inflation and an overheating economy, has seen its currency slide around 40% against the dollar this year and 20% in the last week alone. Mobius explores September launch for EM investment trust Speaking to Bloomberg TV, Mobius, who this year set up Mobius Capital Management following his departure from Franklin Templeton, warned there is a "real possibility" of capital controls being imposed in Turkey to stem the plunging lira, but he said this would have a negative impact on the rest of the emerging markets ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Emerging markets

The ETF will be available to investors on London Stock Exchange for a total expense ratio of 0.35%.

Franklin Templeton launches Catholic EM sovereign debt ETF

Article 8 ETF for European investors

clock 28 June 2022 • 1 min read
Amazon shares are down 40% from its peak

Growth stock pickers feel like 'a kid in a candy shop'

'It is time to go shopping'

clock 22 June 2022 • 4 min read
Offered to both institutional and retail investors, the portfolio is a new sub-fund of the Luxembourg UCITS Goldman Sachs Funds SICAV.

Goldman Sachs AM launches emerging markets ex-China equity fund

Benchmarked against MSCI ex-China index

clock 21 June 2022 • 1 min read