7/30/2010

Mobius to increase investments in Turkey

 

Haber Turk Ekonomi - Globally renowned investor and fund manager Mark Mobius is planning to increase his assets of Turkish stocks. The Executive Chairman of Templeton Asset Management, Mobius cited attractive prices and long-term potential when assessing the Turkish economy. “We have already invested more than USD 1 billion in Turkey and intend to increase our investments”, Mobius told Bloomberg news.

 

“Turkey is in the process of transforming itself into a very competitive and fast-growing economy, backed by manageable inflation, low interest rates and a stable government”, said Mobius, adding that they are optimistic about the long-term potential of the Turkish economy.

 

turkey; financial markets; fund manager; mark mobius; turkish stocks

ENGLISH