JPMorgan Chase: “It is necessary to weaken position in Turkish stocks

Baku. 20 November. REPORT.AZ/ Famous U.S investment bank JPMorgan Chase recommended to weaken the positions for the shares of companies on the Turkish Stock Exchange.

Report informs referring to Bloomberg agency a team of strategy experts from JPMorgan Chase headed by James Sullivan said.

According to the experts of bank, it was recommended to weaken the positions in the bonds of Turkey, SAR, Mexico and Columbia. On the contrary it was advised to strengthen the position on bods of companies in China, South Korea, Brazil, Russia and Peru.

According to JPMorgan Chase experts the shares of companies in emerging countries will bring double digit income in 2018, MSCI EM index is forecasted to reach 1300 basis. Currently this index equals to 1136 basis.