Video Transcript

Daniel Wood
Portfolio Manager, Emerging Markets Debt Team

I’m out and about in Istanbul, and word on the street is this is time for change. However, in the rural areas of Turkey, Erdogan still remains extremely popular. The election is important on many fronts. On the first front, geopolitically, Turkey has to decide whether it leans more towards the West, or towards Asia, or towards Russia. Economically, the opposition have threatened to turn back many of Erdogan’s unpopular domestic policies. The most important of this is central bank independence. Interest rates are still very low, while inflation sits very high.


March 2023

The views and opinions expressed herein are those of the speaker(s) as of the date of publication, are subject to change without notice as economic and market conditions dictate, and may not reflect the views and opinions of other investment teams within William Blair. Factual information has been obtained from sources we believe to be reliable, but its accuracy, completeness, or interpretation cannot be guaranteed. This material may include estimates, outlooks, projections, and other forward-looking statements. Due to a variety of factors, actual events may differ significantly from those presented. This video has been provided for informational purposes only and should not be considered as investment advice or a recommendation of any particular strategy or investment product, or as an offer to buy or sell any securities or related financial instruments in any jurisdiction. Investment advice and recommendations can be provided only after careful consideration of an investor’s objectives, guidelines, and restrictions. Investing involves risks, including the possible loss of principal. Past performance is not indicative of future results.