Reuters reported U.S. investment giants Pimco and Vanguard have bought local Turkish assets in recent months, betting that the country will maintain high interest rates after years of erratic policymaking under President Tayyip Erdogan.
Business & Finance
US giants Pimco, Vanguard invest in Turkey after its return to rate hikes
05 January 2024, 6:08 pm 1 minute
Market Impact
Interviews with top money managers at the companies show that two of the world’s biggest investors, which together oversee nearly $10 trillion in assets, have grown constructive on Turkey since its newfound economic orthodoxy following Erdogan’s re-election in May.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Middle East
Countries: Turkey
Win Types: Impact (Long Term)
Story Types: Special Report / Insight
Media Types: Text
Customer Impact: Significant National Story
