Will Turkey drag emerging markets down?
“Investor sentiment towards EM more widely can temporarily weaken, which is normal in periods of risk aversion, but such price action is not justified,” said Jan Dehn, head of research at specialist EM investor Ashmore Group.
“If asset prices decline in other emerging markets just because Turkey does not have its house in order this should be viewed as a buying opportunity and exploited ruthlessly.”
“Investor sentiment towards EM more widely can temporarily weaken, which is normal in periods of risk aversion, but such price action is not justified,” said Jan Dehn, head of research at specialist EM investor Ashmore Group.
“If asset prices decline in other emerging markets just because Turkey does not have its house in order this should be viewed as a buying opportunity and exploited ruthlessly.”
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