Turkey Puts Pimco, BlackRock on Wounded EM Bond-Fund List

The video discusses the impact of Turkish economic policies and US sanctions on the lira and emerging market debt. Fund managers are cautious, with BlackRock and Vanguard reducing exposure. The Turkish lira has significantly depreciated, exacerbated by US tariffs. Emerging market debt, particularly Turkish, is underperforming. Investors seek clear policy steps to address the crisis, but such measures are currently lacking.

What has been the performance of emerging market Turkish debt compared to other markets?

What specific actions are being taken by Turkey against the US dollar?