Emerging markets guru sees promise in Turkey

ANKARA

A leading emerging markets expert has voiced optimism about Turkey’s prospects following the July 15 failed coup.

In an interview with Bloomberg television Thursday, Mark Mobius, executive chairman of the Templeton Emerging Markets Group, said: "I personally think that we have to look [at] Turkey more closely. We do not rush in, at same time, we are also looking for opportunities there."

About the U.S. Federal Reserve’s expected rate hike, Mobius said if the Fed made a rate hike later in the year, it would be small.

Mobius said emerging market bonds particularly looked attractive compared with developed countries. He also said investments were needed to diversify emerging markets.

Franklin Templeton Investments has around $714 billion under its management across the globe.

Turkey's government has said the deadly July 15 coup attempt was organized by followers of Fetullah Gulen and his Fetullah Terrorist Organization.

Gulen is also accused of a long-running campaign to overthrow the state through infiltratiing into Turkish institutions, particularly the military, police and judiciary, forming what is commonly known as the parallel state.

At least 246 people, including 62 police officers, five soldiers and 179 civilians were martyred and more than 2,100 others were injured in the coup attempt.

ANKARA

A leading emerging markets expert has voiced optimism about Turkey’s prospects following the July 15 failed coup.

About the U.S. Federal Reserve’s expected rate hike, Mobius said if the Fed made a rate hike later in the year, it would be small.

Mobius said emerging market bonds particularly looked attractive compared with developed countries. He also said investments were needed to diversify emerging markets.

Franklin Templeton Investments has around $714 billion under its management across the globe.

Turkey's government has said the deadly July 15 coup attempt was organized by followers of Fetullah Gulen and his Fetullah Terrorist Organization.

At least 246 people, including 62 police officers, five soldiers and 179 civilians were martyred and more than 2,100 others were injured in the coup attempt.