TUR - iShares MSCI Turkey ETF
| Previous Close | 22.66 |
| Open | 22.56 |
| Bid | 22.55 x 1100 |
| Ask | 25.00 x 1000 |
| Day's Range | 22.46 - 22.78 |
| 52 Week Range | 18.88 - 31.53 |
| Volume | 400,812 |
| Avg. Volume | 1,085,118 |
| Net Assets | 383.38M |
| NAV | 22.76 |
| PE Ratio (TTM) | N/A |
| Yield | 4.35% |
| YTD Return | -7.78% |
| Beta (3Y Monthly) | 1.17 |
| Expense Ratio (net) | 0.59% |
| Inception Date | 2008-03-26 |
- Yahoo Finance Video•5 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.
- Benzinga•19 days ago
Turkish Trouble Lurks Again For This ETF
It has been another brutal year for investors in the iShares MSCI Turkey ETF (NASDAQ: TUR). TUR is lower by more than 13 percent just this month and some market observers are concerned more pressure could be coming on the often embattled Turkish lira, which has historically spelled trouble for TUR and Turkish stocks. “The Turkish lira is on the verge of a crisis that would surpass what was experienced in August-September 2018,” said IHS Markit in a recent note.
- MarketWatch•last month
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.”
- Zacks•2 months ago
US Tightens Sanctions on Iran: Country ETFs to Gain/Suffer
The U.S. plans to not renew Iran oil import waivers previously granted for a few countries, sending oil prices shooting up. A few country ETFs will gain and some will lose from the move.
- MarketWatch•2 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.
- Zacks•3 months ago
Top and Flop ETF Areas of March
These are best-and-worst-performing ETF areas of March.
- MarketWatch•3 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 Trends•3 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.
- Benzinga•3 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 Trends•3 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 Exclusive•3 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 Exclusive•4 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 Trends•4 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 Exclusive•4 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.
- Zacks•4 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 Trends•5 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 ...
- Zacks•5 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?
- Zacks•5 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.
- Zacks•5 months ago
Top and Flop ETFs of Last Week
Inside the best and worst performing ETFs of last week.
- ETF Trends•5 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.
- Zacks•6 months ago
Best & Worst Zones of 2018 and Their ETFs
We have highlighted the best and worst zones of 2018 and their ETFs.
- ETF Trends•6 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 ...
Zacks•6 months agoAre 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 Trends•6 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%.
