By Frank Holmes (Guest Post)
While much of Europe’s economy remains stuck in the mud, Turkey expanded 11 percent during the first quarter of 2011. In fact, Turkey’s economic growth outpaced China’s this quarter and most of the world’s larger economies last year, leading The Wall Street Journal to declare the country “Eurasia’s rising tiger.” Despite the acclaim, many investors have yet to warm up to Turkey. We’re not one of them. Turkey carries the second-largest country weighting in our Eastern European Fund (EUROX) and two members of our investment team were on the ground in Istanbul this week….
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