The Talas Turkey Value Fund returned 9.5% net for the first quarter on a concentrated portfolio in which 93% of its capital is invested in 14 holdings. The MSCI Turkey Index returned 13.1% for the first quarter, while the MSCI All-Country ex-USA was down 5.4%. Background of the Talas Turkey Value Fund Since its inception in June 2017, the Talas Turkey Value Fund has returned 2.2%, compared to the MSCI Turkey Index’s -46.4% return and the MSCI All-Country ex-USA’s 34.4% return. In selecting Turkish value stocks, the Talas team looks for M&A candidates and companies that offer very attractive long-term…
This Too Value Fund Explains Why Turkey Is Ripe For Investment Right Now
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.