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 weeks.
So what were the best-performing investments in the global economy last week?
You guessed it: Turkish stocks and bonds - up 6.6 per cent and 3.8 per cent in US dollar terms, according to Merrill Lynch.
Emerging markets are known for their wild, discordant swings, but this mini-rally in Turkey, brief as it may be, highlights just how much risk yield-starved investors are willing to take on when US$11...
Keyword added to your list