MESOP TODAYS QUOTATION “Selling Turkey”
Citigroup Inc. and Bank of America-Merrill Lynch were among investment banks saying they were selling Turkish assets. Aberdeen Asset Management Plc, which oversees about $12 billion in emerging market debt, said on Monday that it wasn’t sure it would be returning to the country anytime soon.
The collapse in the Kurdish peace process leaves Turkish markets “disproportionately highly exposed to a shock,” according to Wolf-Fabian Hungerland, a Hamburg-based economist at Berenberg Bank. Read more: www.mesop.de