Investors rush to Turkey despite coup
Mini-rally in Turkish stocks and bonds highlights the risk yield-starved investors are willing to take
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.
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