Barings to Boost Turkish Equity Exposure If Locals Start Selling
- Sees reduced risk of policy U-turn by Erdogan’s government
- Turkish stocks make up almost 7% of fund’s portfolio
Turkish national flags for sale at in Istanbul.
Photographer: Erhan Demirtas/BloombergThis article is for subscribers only.
Dips in Turkish equities could be a buying opportunity in the next couple of years if the government maintains its determination on economy policies, according to Barings Asset Management.
“Turkish equities are not as cheap as they were before,” said Adnan El-Araby, a money manager at Barings in London. “So if there’s an economic slowdown and local investors start selling, we could consider raising our exposure.”