(Bloomberg) -- Fortis Investments' Eli Koen, who
oversees the world's largest stock fund focusing on Turkey, is
buying banks as record economic growth and easier lending rules
help fuel a home-mortgage boom.
The manager of Fortis's 240 million-euro ($331 million)
Equity Turkey Fund moved 10 percent of the fund in the past year
into home loans and savings providers such as Akbank TAS. He put
another 5 percent into real estate and pulled assets from food
manufacturers like Ulker Gida Sanayi & Ticaret AS on the view
that people don't eat much more during good times.
Read more at Bloomberg Stocks News
oversees the world's largest stock fund focusing on Turkey, is
buying banks as record economic growth and easier lending rules
help fuel a home-mortgage boom.
The manager of Fortis's 240 million-euro ($331 million)
Equity Turkey Fund moved 10 percent of the fund in the past year
into home loans and savings providers such as Akbank TAS. He put
another 5 percent into real estate and pulled assets from food
manufacturers like Ulker Gida Sanayi & Ticaret AS on the view
that people don't eat much more during good times.
Read more at Bloomberg Stocks News
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