Is the influx of foreign capital into Turkish assets overdone? Bank of New York Mellon (BNY) reportedly thinks that may be the case. Investors, it says, are likely ignoring pitfalls that could spark a reversal. Wagering that the Turkish lira (TRY) will appreciate amid Turkey’s return to economic “orthodoxy”, overseas investors have shifted billions of dollars into Turkish assets this year. However, Bloomberg on July 30, reported Bob Savage, BNY’s head of markets and strategy, as saying in an interview that sky-high borrowing costs and geopolitical tensions amount to substantial threats to what…