Leonard Kwan, who works as the manager of a $ 1.3 trillion fund at Hong Kong-based asset management company T. Rowe Price Group, said that after the volatile course observed in the Turkish Lira for a long time, with the return of economic policies to traditional ground, he took TL back on his radar. .
“The lira is starting to become a realistic investment destination again,” Kwan said. “In many ways, they have returned to traditional monetary policy. What is important for us right now is the extent to which traditional policies will be implemented.”
Kwan stated that he is considering investing in the lira when there is more evidence that the traditional approach to economic policy will be permanent. He also stated that he is considering investing in TL-denominated Turkish bonds, “to what extent the interest rate increases will be realized” and if the yields better reflect the inflation risk levels.
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