EM Fund With 30% Return Bets on Turkish Small-Caps
- Turkish stocks attractive over longer term, advisers say
- Turkey’s investment climate is improving: Evli advisers
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A top-performing emerging-market fund is betting on a rally in Turkish small-cap stocks as the country brings down inflation.
The Evli Emerging Frontier Fund, which has beaten 99% of similar funds in the past five years, has snapped up shares of Escort Teknoloji, an investor in tech startups, as well as electricity company Orge Enerji.