In response to questions about developments in the Turkish economy, Rogers mentioned that he has invested in Turkish assets several times throughout different periods of his life, but currently has no investments in any Turkish assets.
Rogers explained that he does not have any investments because he has not been following the Turkish market for a while, and continued:
“However, perhaps I need to start investing in Turkish assets again. As Turkey changes its economic policies, foreign investors will return, but this will take some time. Many international investors are currently watching what Turkey is doing. If Turkey takes reasonable economic steps, investors will come back. If Turkey is taking the right steps now, it will be a very good investment.”
Expressing that investors want to see regulations and reforms being implemented, and that he is closely monitoring the steps being taken, Rogers stated, “Now I know that I should take another look at the Turkish market. I and other investors should start investing in the Turkish market again.”
“I HAVE DISTANCED MYSELF FROM U.S. ASSETS, CHINESE ASSETS ARE VERY CHEAP”
Rogers also evaluated U.S. and Chinese stocks, pointing out that U.S. stocks are at an all-time high and could go even higher. He stated, “But when a stock is very high and issues like inflation and interest rates start to arise, investors tend to distance themselves from stocks. I also distanced myself.”
Regarding China, which is facing a significant housing problem and is still experiencing the effects of the COVID-19 pandemic, Rogers noted that assets are cheap. “Currently, China is cheap; the market is low. I prefer to look at markets that are low rather than high,” he concluded.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
