Why Turkey is leading the way in Europe

TURKEY

Stefan Herz, portfolio adviser at Charlemagne Capital, argues that Turkey has much to offer the informed investor looking for an attractive return away from the sclerotic markets of Western Europe.

With the eurozone continuing to dominate global newsflow, Turkey offers attractive opportunities to diversify away from the structural problems that currently bedevil the West. Demographics remains a genuine standout reason to invest in the country. Turkey’s median age is just 28 years, in comparison to 42 years in Western Europe. This ambitious and aspirational population equates to a high level of household formation – and all that brings to the financial and consumer sectors. More telling perhaps is the old age dependency ratio (the proportion of the population aged over 64 as a pe...