Türkiye has changed its economic policies, garnering attention from investors worldwide, U.S. investor and financial expert Jim Rogers said Monday, adding that foreign investors will "come back, but it takes a while.”
"If Türkiye can show us that they are doing the right thing now, investors will come back,” Rogers told Anadolu Agency (AA).
He stated that although he owned Turkish stocks in the past, he currently does not, as he has not watched the Turkish market lately.
"But maybe I should be buying (Turkish stocks) again, I don’t know,” said Rogers.
He noted that investors would like to see that regulations are implemented.
"Most international investors now will be watching what Türkiye does. If Türkiye is doing sound economics, then it will be probably a very good investment,” he added.
As for the U.S. and Chinese stocks, Rogers emphasized that the former are at an all-time high, possibly to rise further, compared to the latter.
"But when something is an all-time high and you see problems starting to develop like inflation and interest rates, I start to stay away,” said Rogers.
He mentioned that China has a major housing problem, which is still under the influence of the pandemic.
"China is cheap, the market is down and I would rather look at a market that is down instead of up,” he added.
