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Investors rush to Turkey despite coup

Mini-rally in Turkish stocks and bonds highlights the risk yield-starved investors are willing to take

EVEN TURKEY BECKONS: Many institutions, from large pension funds and insurance companies to some hedge funds, are facing pressure to find returns in a world of zero to negative interest rates.

ON the face of it, this might not seem the right time to be investing in Turkey. Terrorists attacked the main airport in Istanbul, a foiled coup raised questions about political stability, and the country's debt is being downgraded by rating agencies - all of this happening within a span of two...

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