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Falling oil prices will continue fuelling Turkish bourse: BlackRock

Published Fri, Dec 12, 2014 · 09:50 PM
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Istanbul

THE world's biggest money manager is betting that falling oil prices will keep momentum going in Europe's best-performing stock market.

A return of 13 per cent since September on Turkey's main stock index has beaten all global gauges bar two, the Shanghai Stock Exchange Composite and Venezuela Stock Market Index, according to data compiled by Bloomberg. There's no reason to suspect that outperformance won't continue, says BlackRock Inc's Sam Vecht.

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