Turkey Revisited: The Good, Bad and Ugly

For the past several quarters, we have maintained a constructive view on Turkish assets, particularly on the country‚Äôs equity and currency, as valuations are already significantly depressed even before the COVID-19 rout. Percentile of equity multiples for Turkish equity is near its two decades low and the Turkish Lira is more than 20% undervalued, accordingContinue reading “Turkey Revisited: The Good, Bad and Ugly”