Arqaam Capital's Rizk on Turkey, GCC Sukuks

The video discusses the political and economic risks in Turkey, including elections, FX reserves, and geopolitical tensions. It also covers the potential improvement in Gulf relations and the impact of emerging market risks, particularly in China. The video concludes with an analysis of market trends and investment strategies, highlighting opportunities in the GCC and the importance of cautious investment approaches.

What are some of the key risks associated with Turkey's economic situation?

• High default risk and stable FX reserves

• Political stability and low inflation

• Currency volatility and geopolitical tensions

• Strong central bank policies and low budget deficit

What recent event might signal a change in relations between Bahrain and Qatar?

• A trade agreement

• A military alliance

• A phone call between senior leaders

• A joint economic summit

How have emerging market stocks been valued recently?

• Most expensive in a decade

• Cheapest in nearly 6-7 months

• Priced higher than developed markets

• Stable with no significant change

What is the current sentiment towards the China trade story in the credit market?

• Uncertain with mixed signals

• Pessimistic with fears of a trade collapse

• Neutral with no significant impact

• Optimistic with expectations of growth

What is the investment strategy suggested for Turkey at the moment?

• Immediate investment due to low risk

• Avoidance until a better entry point

• Long-term investment without caution

• Short-term investment for quick gains

Which region is considered to have lower risk despite underperformance?

• Turkey

• GCC

• China

• United States

What is the market expectation for new issuances in the Sukuk and conventional space?

• Decrease due to unfavorable market conditions

• Volatility with unpredictable outcomes

• Increase due to high demand and favorable conditions

• Stagnation with no significant change