Economics
Investors Who Poured Into Iceland Now Face ‘Messy’ Election
- Icelandic krona has rallied 12% this year as controls ease
- Election campaign enters final stretch ahead of Saturday vote
Nielsen: Often Takes Crisis to Get Big Policy Reaction
This article is for subscribers only.
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 percent, he’s now holding off.