Elections
Turkey at a crossroads
Grant Webster and Roger Mark look at how markets have reacted to uncertainty around this month’s historic elections in Turkey and find a more nuanced outlook for fixed income investors than recent market moves imply.
Roger is an analyst in the Fixed Income team at Ninety One. He is responsible for the CEEMA sovereign markets and supporting the wider team’s ESG analysis and integration process.
Prior to joining Ninety One, Roger worked at Baillie Gifford, an Edinburgh-based asset manager, working in a variety of roles as part of a graduate programme.
Roger holds a Master of Science degree in Economics and a Master of Arts (with honours) degree in Economics and Politics, both from the University of Edinburgh. He has also passed Level II of the CFA® Programme.
Roger Mark shares insights gained from his recent trip to Central and Eastern Europe, where broad macroeconomic trends appear positive. An increasingly diverse outlook for monetary policy, coupled with country-specific dynamics, creates a rich hunting ground for active investors.
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Grant Webster and Roger Mark look at how markets have reacted to uncertainty around this month’s historic elections in Turkey and find a more nuanced outlook for fixed income investors than recent market moves imply.
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Turkish central bank’s decision not to raise interest rates was unexpected, and increases the probability of further currency volatility and ultimately a hard landing.