Turkey election result welcomed by investors

Political instability in the country reached a climax in May when the Turkish parliament failed to elect a president, which triggered a general election. Many investors had already lowered their exposure to Turkish equities in April when relations between the secular military and the Islamist APK party. However, several investors think that the AKP’s blend of economic reform and moderate Islam has helped Turkey make great strides in the past five years and they are hopeful this will continue. Commenting on the election results, Stuart Richards, of Hexam Capital, says: “The AKP has bee...