Charlemagne raises its emerging market profile

Charlemagne Capital has strengthened its foothold in the emerging markets with the launch of Turkish and Latin American portfolios. The Magna Turkey fund aims to capture the economic and financial potential of Turkey. It will be benchmarked to the ISE National 100 Index. Stefan Bottcher, head of portfolio management at Charlemagne Capital, said: "There is no reason to believe Turkey will not enjoy the same results as other convergence countries have had. For example, on 31 March 1994, when accession talks began about the EU entry on 1 May 2004, the Budapest Index rose by 501%. "Further...