William Blair Investment Management portfolio manager Daniel Wood was quoted in a Bloomberg story focused on the impact of Turkish politics on the country’s economy and investments. Following a court ruling that ousted the leader of Turkey’s main opposition party, markets and investors focused on debt and equities in the country quickly leveled off after an immediate sell-off in the wake of the announcement.
The ruling “increases the chances of an early election and the possibility of a change in the orthodox economic policy which had been attracting international investors to the market,” Wood said.