UK investors eyeing Turkey as rising new "T-BRIC"

A plurality of around 100 investors and analysts meeting in London said they think Turkey is best-suited to join the BRIC (Brazil, Russia, India and China) grouping of rapidly developing emerging markets, according to Timothy Ash, emerging markets economist at the Royal Bank of Scotland, which convened the meeting. Thirty-five percent of the participants said Turkey is most suited to join the BRIC club, said Ash, based on factors such as improving credit fundamentals and geopolitical importance. Turkey was followed by Indonesia with 23 percent, Mexico with 16 percent, South Korea with 12 percent, and South Africa with 11 percent.