Lull in U.S.-Turkey Spats Is a ‘Window’ for Istanbul Stocks
- Risks for market have eased, says Marmara Capital’s Acun
- Better economic growth, lower rates also seen boosting stocks
This article is for subscribers only.
The sometimes strained relationship between Ankara and Washington may be enjoying a period of calm, giving Istanbul stocks “a window of opportunity” to gain in 2020, said one of Turkey’s best-performing equity fund managers.
A steady stream of negative headlines testing the alliance has stopped since Iran-U.S. tensions threatened to escalate into conflict. It seems that the crisis has been good in reducing relative risks attached to Turkey’s market, said Haydar Acun, the managing partner at Marmara Capital in Istanbul.