Turkish Investment Fund, Inc.
With the rapidly approaching “Fiscal Cliff” in the United States, and the ongoing debt crisis in Europe, it is no wonder that many investors are turning to other economies as a means to generate returns. To my mind, Turkey represents a particularly compelling place to invest, due to its stable growth and relative political stability. The biggest Turkish equity traded in the US is Turkcell (NYSE: TKC), the country’s more »
Turkey has increased its billionaires by 50% in the same time it has taken Warren Buffett to raise a similar amount in corporate welfare from US taxpayers. Despite the last several years of global financial angst, Istanbul is currently home to 38 billionaires (ranked seventh worldwide), none of whom are anchored to the oil curse like the majority of their neighboring billionaires, nor are they slaves to the yo-yo cash more »
Turkey is a great investment for Americans, however, Americans looking for great investing in Turkey will have a difficult time.
Sure, Western-investors interested in anything remotely Turkey-related can buy what Coca-Cola CEO Mukhtar Kent and Western Union CEO Hikmet Ersek are selling, or they can acquire shares of NYSE-traded Turkcell. However, the iShares ETFs – the US-listed MSCI Turkey Investable Market Index Fund (NYSEMKT: TUR) and UK-listed MSCI Turkey (LSE: ITKYmore »)
Like America’s other unsinkable aircraft carriers during the Cold War, Taiwan and South Korea, Turkey has made the most of the stability it received and has steadily and successfully been implementing market reforms. This decade, Turkey is set to surpass anything the Ottoman Empire achieved in its six centuries.
Since 1923 under Mustafa Kemal Ataturk (easily one of the most pivotal figures of the last century – and possibly this more »