Bockstaller waits on Iraq resolution

Baring Emerging Europe trust manager Klaus Bockstaller plans to play a cautious hand in the coming months while waiting for a resolution to the tensions in the Middle East. 'We don't have strong bets in the fund at the moment because of the risk of outside shocks. It would be very dangerous to lean too far out of the window at the moment,' he said. Bockstaller said he would prefer to see whether the US takes action against Iraq during the winter months before committing to positions in neighbouring countries such as Turkey. Turkey is directly linked to the tensions in Iraq after the...