TUR - iShares MSCI Turkey ETF

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
20.78
+0.42 (+2.06%)
At close: 4:00PM EDT

20.70 -0.08 (-0.38%)
After hours: 5:45PM EDT

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Trade prices are not sourced from all markets
Previous Close20.36
Open20.87
Bid20.77 x 2900
Ask21.40 x 800
Day's Range20.74 - 20.96
52 Week Range18.88 - 34.45
Volume901,243
Avg. Volume1,011,290
Net Assets340.22M
NAV20.33
PE Ratio (TTM)N/A
Yield4.30%
YTD Return-18.52%
Beta (3Y Monthly)1.36
Expense Ratio (net)0.59%
Inception Date2008-03-26
  • One of Wall Street’s biggest bulls is looking well past the trade drama
    MarketWatch17 days ago

    One of Wall Street’s biggest bulls is looking well past the trade drama

    Our call of the day is a bullish one from Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities, who tells MarketWatch that he’s got a laundry list of reasons why equities will see gains for the “next several years.”

  • US Tightens Sanctions on Iran: Country ETFs to Gain/Suffer
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  • Erdogan’s election setback sparks investor uncertainty about Turkey’s lira, financial markets
    MarketWatch2 months ago

    Erdogan’s election setback sparks investor uncertainty about Turkey’s lira, financial markets

    Turkish President Recep Tayyip Erdogan suffers a blow in local weekend elections, setting the stage for more near-term uncertainty for investors, according to ABN Amro.

  • Top and Flop ETF Areas of March
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    Top and Flop ETF Areas of March

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  • MarketWatch2 months ago

    A popular Turkey-focused ETF tumbles nearly 8% as cost of borrowing lira soars

    A popular way to bet on Turkey's stock market was tumbling sharply on Wednesday, as the Turkish government prevented foreign banks from accessing lira in so-called swaps transactions, a tactic intended to prevent bets against lira ahead of a weekend election, according to reports. That move has sent the overnight cost of borrowing lira, or swap rate, to 1,200% from 23%, according to Reuters. The exchange-traded iShares MSCI Turkey ETF was down 7.8% midday Wednesday as the Turkish lira was weakening sharply against bucks. The greenback last bought 5.4272 lira, up 1.9% against the Turkish currency, according to FactSet data. Volatility in Ankara's market comes ahead of a key vote on Sunday, with incumbent President Tayyip Erdogan fighting to keep his AK Party in power. Turkey's economy has been struggling with high, double-digit consumer-price inflation, an ailing currency and rising interest rates in the U.S., which had made Ankara's dollar-denominated debt burden more expensive in local currency terms. Erdogan has called for a ban on the use of U.S. dollars, which has sapped liquidity in markets that trade lira, including currency-trading hub London.

  • ETF Trends2 months ago

    Turkish Lira Trades Led to $139M in Losses for Hedge Fund

    GF Securities Co.'s GTEC Pandion Multi-Strategy Fund SP got burned by foreign exchange trades in the Turkish lira during the summer of 2018, leading to losses that amounted to $139 million and caused prime broker Citigroup to execute margin calls. Bloomberg reported in December that Citigroup was facing up to $180 million in losses stemming from a loan to fund the trades by GF Securities. The meltdown reached Citigroup's board, which called for a reorganization of its prime brokerage business.

  • Benzinga2 months ago

    More Tumult For The Turkey ETF

    Volatility is often the name of the game with the iShares MSCI Turkey ETF (NASDAQ: TUR) and that has been the case in recent trading sessions. Last week, it was reported Turkey's official reserves unexpectedly declined, pushing the central bank there into surprise tightening measures that did little to stem the lira's slide. Turkish authorities have a history of clashing with international banks and credit ratings agencies when volatility spikes in the country's financial markets and that tradition was renewed following last week's lira plunge.

  • ETF Trends2 months ago

    Turkey ETF Plunges on Weakening Confidence in Lira Currency

    Turkey country-specific exchange traded fund was among the worst hit on Friday's sell-off as the broader risk-off mood coupled with the plunge in the Turkish lira currency dragged on this emerging market. The iShares MSCI Turkey ETF (TUR) was among the worst performing non-leveraged ETFs of Friday, plunging 10.5% and breaking below its long-term support at the 200-day simple moving average. On top of the broader risk-off selling that plagued the markets on Friday, Turkey's market was dragged down by an ongoing rout in the wake of an unexplained drop in official reserves, despite the Turkish central bank's surprise tightening to stem the fall.

  • Market Exclusive3 months ago

    Market Morning: Google Censorship, China Stimulates, Congress Rejects Emergency, Papa John’s Settles

    Google Censored Chinese Search Engine Back On According to an “internal investigation” by Alphabet (NASDAQ:GOOGL) employees, Google is back at it in building a search engine for China that complies with Chinese censorship that don’t really strike such a good chord with American ears. Employees of the company are pretty peeved at this, and the […]The post Market Morning: Google Censorship, China Stimulates, Congress Rejects Emergency, Papa John's Settles appeared first on Market Exclusive.

  • Market Exclusive3 months ago

    Market Morning: Congress Votes, Tennessee Wants Amazon, Credit Suisse Suffers, Tyson Goes Vegan

    Congress To Vote On Spending Bill, No Border Wall Funding Shutdown or no shutdown? That is the question. Probably no shutdown. The vote will almost certainly pass because the spending bill has already been agreed upon by both parties, but the issue is whether President Trump will sign it or not. It doesn’t include his […]The post Market Morning: Congress Votes, Tennessee Wants Amazon, Credit Suisse Suffers, Tyson Goes Vegan appeared first on Market Exclusive.

  • ETF Trends3 months ago

    To Europe With Caution

    European stocks and the related exchange traded funds (ETFs) are coming off dismal performances in 2018. The Vanguard FTSE Europe ETF (VGK) and the iShares MSCI EMU ETF (CBOE:EZU) , two of the largest US-listed ETFs, finished 2018 with losses of about 18% and 19%, respectively. As of Feb. 11, 2019, the Eurozone-focused EZU is up 4.79 percent year-to-date, but some market observers and ETF strategists are taking a cautious approach to Europe ETFs.

  • Market Exclusive3 months ago

    Market Morning: Shutdown Deal, Aurora Losses, Google Walmart Breakup, Turkish Hyperinflation

    Tentative Deal To Avert Another Shutdown Pushes Futures Higher Another tentative deal to push off another government shutdown is taking shape, “in principle” according to negotiators, increasing the chances that a government shutdown will be averted by Friday when funding from a stopgap spending bill will be exhausted. President Trump lost this one badly, as […]The post Market Morning: Shutdown Deal, Aurora Losses, Google Walmart Breakup, Turkish Hyperinflation appeared first on Market Exclusive.

  • Best Performing Single-Country ETFs of January
    Zacks4 months ago

    Best Performing Single-Country ETFs of January

    We highlight five top-performing country ETFs that have led the way higher so far this year with double-digit gains.

  • ETF Trends4 months ago

    How ETF Strategist Accuvest Finds the Strongest ex-US Markets

    It is not a stretch to say that, by now, most investors know that last year was hard on international stocks and the related exchange traded funds (ETFs). When 2018 drew to a close, the MSCI EAFE Index ...

  • EM Equities ETFs Off to a Great Start in 2019: Here's Why
    Zacks4 months ago

    EM Equities ETFs Off to a Great Start in 2019: Here's Why

    EM equities ETFs are on a tear. What made this possible?

  • Turkey's Central Bank Keeps Policy Rate Unchanged: TUR in Focus
    Zacks4 months ago

    Turkey's Central Bank Keeps Policy Rate Unchanged: TUR in Focus

    Turkey's central bank kept the benchmark one week repo rate unchanged at 24% in Jan 16's Monetary Policy Committee (MPC) meet, putting TUR in focus.

  • Top and Flop ETFs of Last Week
    Zacks4 months ago

    Top and Flop ETFs of Last Week

    Inside the best and worst performing ETFs of last week.

  • ETF Trends4 months ago

    Turkey ETF Climbs as Central Bank Holds Off Rate Cuts

    The largest Turkey ETF led the charge Wednesday after Turkey's central bank left its benchmark interest rates unchanged, easing concerns that it would loosen its monetary policy in face of declining inflationary pressures and a stronger lira currency. Some market observers speculated Turkey's central bank would cut rates given the lower inflation levels as investors also saw the potential for political pressure for lower rates before the March local elections, Reuters reports.

  • Best & Worst Zones of 2018 and Their ETFs
    Zacks5 months ago

    Best & Worst Zones of 2018 and Their ETFs

    We have highlighted the best and worst zones of 2018 and their ETFs.

  • ETF Trends5 months ago

    10 Worst Performing ETPs of 2018

    The sudden bout of volatility that gripped the markets this year has been far reaching, touching all corners of the globe and ETF markets. Among the worst performing non-leveraged ETFs of the year, the ...

  • Are Argentina and Turkey ETFs Good Contrarian Bets for 2019?
    Zacks5 months ago

    Are Argentina and Turkey ETFs Good Contrarian Bets for 2019?

    There are chances that these once-beaten-down riskier emerging markets will perform well in 2019.

  • ETF Trends5 months ago

    Issues Continue to Mount For Turkey ETF

    The iShares MSCI Turkey ETF (TUR) has been one of this year's most controversial and volatile single-country emerging markets exchange traded funds. “The country’s fifth-largest lender by assets, Akbank, has launched a deeply discounted rights issue to shore up its balance sheet,” reports Reuters. Akbank is TUR's fourth-largest holding at a weight of 7.40%.

  • Turkey ETF Tastier on Thanksgiving
    Zacks6 months ago

    Turkey ETF Tastier on Thanksgiving

    Pure-play country ETF on Turkey gained 4.5% in the past month against 3.8% loss in the S&P 500.

  • ETF of the day: iShares MSCI Turkey
    Yahoo Finance Video4 months ago

    ETF of the day: iShares MSCI Turkey

    Yahoo Finance's Melody Hahm discusses iShares MSCI Turkey, the ETF of the day, sponsored by Invesco.