Turkish corporate bonds - a fundamental opportunity

A divided country

clock • 4 min read

After a closely contested race, President Recep Tayyip Erdoğan won Turkey’s presidential election in May, defeating opposition leader Kemal Kılıçdaroğlu with 52.1% of the vote.

The result stretches Erdoğan's rule into a third decade, but the tight margin of victory indicates a divided country. Turkey is uniquely positioned geographically between East and West. Its size, population and strategically important location give Turkey major influence in the region. At the same time, it is faced with economic and social challenges, including a large current account deficit, a depreciating currency, high inflation, and the aftermath of the devastating earthquake that shook southern Turkey and Syria. Turkey faces currency woes following Erdogan re-election Infl...

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Emerging markets

Four Graphs explaining India

Four Graphs explaining India

Four experts write

Investment Week
clock 12 February 2024 • 4 min read
JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

Early adaption is key

Omar Negyal
clock 11 January 2024 • 2 min read
TSMC and Infosys most frequent top ten holdings across JP Morgan AM trust stable

TSMC and Infosys most frequent top ten holdings across JP Morgan AM trust stable

Emerging markets dominate

James Baxter-Derrington
clock 10 January 2024 • 1 min read
Trustpilot