8/12/2010

Mobius: Turkey is a compelling investment destination

 

Hurriyet - Investor and fund manager Mark Mobius, Executive Chairman of Templeton Emerging Markets Group, said Turkey is far ahead of its European peers with its solid banking system and debt sustainability. In an article posted on the British daily Financial Times’ website, Mobius cited the appeal of the Turkish economy for foreign investors, naming banking and automotive industries as the most promising sectors of the country.

 

“Turkey’s economic performance is largely based on structural reforms implemented since 2001 which improved resiliency, efficiency and productiveness”, wrote Mobius, adding that the country’s advantageous demographic situation is also an important factor for investors, considering the rapidly aging populations of the competing countries in Europe and Asia.

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