10/1/2010

Mobius to invest additional USD 250 million in Turkey

Bloomberg - Templeton Asset Management Ltd. plans to invest USD 250 million in Turkish equities very soon, as the country’s stocks are by far the most attractive among emerging European countries, said Mark Mobius.

“Just this month we will be putting another USD 250 million in,” Mobius, who oversees about USD 34 billion, including USD 1 billion invested in Turkey, as the Singapore-based chairman of Templeton’s emerging markets group, said at a press conference in Istanbul. Praising the recent success of the Turkish economy, Mobius said that Turkey is a top-level emerging market with an exceptionally strong banking system.
/Style%20Library/Invest/images/news.png
turkey; mark mobius; investor; investment; templeton; asset management; turkish banks; banking system