28.00 -0.03 (-0.11%)
After hours: 7:11PM EST
|Bid||26.02 x 800|
|Ask||28.12 x 800|
|Day's Range||27.98 - 28.34|
|52 Week Range||20.13 - 29.42|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||6.31%|
|Beta (5Y Monthly)||1.19|
|Expense Ratio (net)||0.59%|
A Turkey country-specific ETF was among the top performers on Wednesday as geopolitical risks across two of its neighboring countries begin to fade. Among the top performing non-leveraged ETFs of Wednesday, the iShares MSCI Turkey ETF (TUR) increased 2.9%. Turkey's was particularly vulnerable to volatile moves associated with geopolitical risk in Middle East as the country is a neighbor of both Iraq and Iran, and it has close political ties to Tehran, especially as the two countries alongside Russia try to find a solution to the ongoing civil war in Syria.
The Turkey country-specific ETF was among the worst hit Friday on growing fears of an increasingly bellicose neighbor after a U.S. airstrike killed a top Iranian commander. Turkish stocks retreated and state-run banks even had to step in to support the weakening lira currency after a United States airstrike killed Major General Qassem Soleimani in Iraq, AhvalNews reports. Turkey was particularly susceptible to volatile moves on Friday as the country is a neighbor of Iran and has close political ties to Middle Eastern country, especially as the two countries alongside Russia try to find a solution to the ongoing civil war in Syria.
Turkey has been on the headlines for back-to-back massive rate cuts. But with inflation poised to shoot up in late 2019, the rally in Turkey ETF could halt.
The Turkey-related ETF has been enjoying a strong rally in recent weeks as more adventurous investors showed increased interest in riskier areas of the global markets to find opportunities. Turkish stocks jumped and touched a 19-month high this week, and analysts anticipate the rally will maintain its momentum in the short-term, Daily Sabah reports. According to analysts, President Recep Tayyip Erdoğan's White House meeting with President Donald Trump last week, along with the opening of dialogue between Turkey and the U.S., could help dispel uncertainty over Turkish lira assets for the remaining part of the year after a period of political-induced risk-off selling.
The Turkey-related ETF rallied Wednesday after President Donald Trump said the United States will lift sanctions on the country in response to Ankara's decision to make the cease-fire along the border with Syria "permanent". The iShares MSCI Turkey ETF (TUR) increased 3.8% on Wednesday and broke back above its short- and long-term trend lines at the 50- and 200-day simple moving averages, respectively. The Trump administration previously announced sanctions on October 14 after the Turkish military pushed an offensive against Krudish forces into northern Syria, the Washington Post reports.
Donald Trump on Oct. 23 ordered the lifting of U.S. sanctions against three senior Turkish government officials and two ministries in response to Turkey's five-day ceasefire along the northern Syrian border. ...
The Turkey country-specific ETF jumped Thursday after Ankara agreed on a ceasefire in northern Syria to allow Kurdish forces to retreat from the region. "Today the United States and Turkey have agreed to a ceasefire in Syria," US Vice-President Mike Pence told a news conference after more than four hours of talks at the presidential palace in Ankara, Reuters reports.
Investing.com – Turkish assets rose Thursday after Turkish President Recep Tayyip Erdogan agreed to a five-day ceasefire in Syria following a meeting with U.S. Vice President Mike Pence and Secretary of State Mike Pompeo.
Amid fresh U.S. sanctions, the iShares MSCI Turkey ETF (NASDAQ: TUR) is in the spotlight again and not in a good way. On Monday, President Trump ordered a 50% tariff on Turkish steel imports to the U.S. while halting trade talks with the country. The $326.4 million TUR, which tracks the MSCI Turkey IMI 25/50 Index, is levered to that harsh move against Turkey's steelmakers because the fund devotes about a third of its weight to the industrial and materials sectors.
Investing.com – The lira and Turkish assets tumbled Friday after U.S. Treasury Secretary Mnuchin said U.S. President Donald Trump had authorized the Treasury Department to draw “very significant” new sanctions on Turkey
Turkey country-specific ETF could continue to weaken as the country’s military actions into Syria persist if U.S. congressional leaders enact sanctions that would further weaken the lira currency and drag on the developing economy.
Turkey country-specific ETF could continue to weaken as the country's military actions into Syria persist if U.S. congressional leaders enact sanctions that would further weaken the lira currency and drag on the developing economy. The iShares MSCI Turkey ETF (TUR) was flat Thursday after breaking below its long-term support at the 200-day simple moving average in the previous session. The lira currency, which previously suffered through a crisis a year ago partly as a result of U.S. sanctions and tariffs, dipped to its weakest level in almost four months after Ankara ordered attacks on Kurdish forces in northeast Syria, Reuters reports.
As Americans gear up for Thanksgiving, Butterball is offering turkey cooking tips through their national and toll-free "turkey talk-line." Butterball Turkey Talk-Line Supervisor Carol Miller joins Yahoo Finance's Zack Guzman and Brian Cheung, along with QVIDTVM Inc. Director of Research Max Raskin, to discuss.
According to the American Farm Bureau Federation survey, the average cost of a Thanksgiving dinner for 10 people will cost $48.91, which is only 1 penny more than last year. American Farm Bureau Federation Chief Economist John Newton joins Yahoo Finance's Zack Guzman and Kristin Myers, along with Payne Capital Management Financial Advisor Courtney Dominguez, to discuss.