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Investors attracted by Iceland's high yields face 'messy' election

Reykjavik

INVESTORS drawn to Iceland's high yields following the partial dismantling of capital controls are facing parliamentary elections that could produce a toxic mix of political turmoil and radicalism.

Klaus Spoeri, a fund manager at Frankfurt-Trust, says that while he recently bought more Icelandic bonds because of their attractive yields of more than 5 per cent, he's now holding off. "We're quite confident about Iceland and the turnaround," Mr Spoeri said. But if Saturday's elections should...

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