- Once a quarter, I conduct a review of market valuations around the globe.
- Turkey is currently the cheapest market in the world by many measures.
- Turkey is cheap for many social, geopolitical, and economic reasons, including inflation, currency depreciation, and questionable central banking practices.
- This said, demographic and economic trends are strong, the economy is well-diversified, revenues are growing, and many public corporations have remained profitable despite the inflation.
- Deep value or contrarian investors may wish to consider a position in this out of favour market.
For further details see:
iShares MSCI Turkey ETF: Tracking The World's Cheapest Market