Posted on 14 February 2011
Turkey: Fund manager Mark Mobius to increase investments in Turkey
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.