The failed coup attempt in Turkey, resulting in one of the largest purges in democratic society’s history, has not changed the regional economic outlook to any meaningful degree, a UBS research piece noted. Its still a buy based on valuation among other issues, as the Swiss-based investment bank reiterates its original overweight rating. Other banks are not so certain, taking a more wait and see attitude while recognizing the potential value play. Authoritarianism no concern to UBS, who says Turkey a buy Turkey, a traditionally secular nation amid a majority Islamic population, is a statistical rarity. Turkey has been one of the…
Despite Authoritarian Turn In Turkey, UBS Still Bullish; Other Banks Not So Sure
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.