Turkish election result prompts rally in market

Professional Adviser
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The recent election in Turkey that saw the Justice and Development Party (AKB) take office has promp...

The recent election in Turkey that saw the Justice and Development Party (AKB) take office has prompted a rally in the Turkish exchange. The ISE National 100 Index rose 30% in the week following the election but, as of 19 November, has fallen back slightly following surges that saw it rise 10% in one day. The rally has brought performance for the year to 15 November to -4.73%, up significantly from the double-digit negative performance before the election. Fund managers are still cautious on the country however, citing concerns over the new government's inexperience and its ec...

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