TUR Stock Recent News
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An Exchange Traded Fund (ETF) is a basket of stocks that usually tracks a specific index, industry or theme. ETFs can act as a great way to ensure diversification, without needing to buy and sell individual stocks.
The iShares MSCI Turkey ETF has outperformed the rest of the emerging market universe over the last year. While the earthquakes this year will weigh on growth, the diversified nature of the portfolio earnings means any structural impact is likely limited.
In a sea of red across the global equity markets in the last year, Turkey stocks have shined. I see more upside ahead given the country ETF's low valuation, favorable seasonal trends, and bullish chart.
Voting in Nigeria and Turkey may mean different things for investors.
A massive earthquake struck Turkey and Syria on Monday, causing the Turkish stock market and an ETF benchmark that includes some of the country's major equities to decline.
Turkey's lira hit a record low and its stock market tumbled on Monday after a major earthquake killed nearly 1,500 people and wounded thousands of others in the country, piling on further economic hardship in a region already grappling with economic instability and geopolitical turmoil. Another 700 deaths have been reported in Syria, according to Reuters.
The $376.7 million iShares MSCI Turkey ETF (TUR), which tracks several dozen Turkish equities, jumped 6.7% Tuesday and was among the day's top ETF gainers.
Discussions between U.S. and Turkey's top diplomats boost iShares fund.
Wall Street was downbeat in December. The month snapped two consecutive months of gains.
VettaFi's vice chairman Tom Lydon discussed the iShares MSCI Turkey ETF (TUR) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” Lydon noted that 2022 was a disappointing year for both equities and fixed income.