TUR - iShares MSCI Turkey ETF
| Previous Close | 23.99 |
| Open | 24.13 |
| Bid | 24.20 x 1100 |
| Ask | 24.60 x 800 |
| Day's Range | 24.07 - 24.57 |
| 52 Week Range | 19.55 - 29.10 |
| Volume | 500,792 |
| Avg. Volume | 569,364 |
| Net Assets | 373.6M |
| NAV | 24.54 |
| PE Ratio (TTM) | N/A |
| Yield | 2.54% |
| YTD Return | 2.04% |
| Beta (3Y Monthly) | 1.28 |
| Expense Ratio (net) | 0.59% |
| Inception Date | 2008-03-26 |
- Barrons.com
Turkey Isn’t Following Argentina in a Meltdown. For Now.
For a few days there, it looked like Argentina might start a trend toward emerging market financial meltdowns. Turkey’s currency, the lira, plunged 3% against the dollar on Aug. 19 and 20. “I would strongly emphasize that the best of Turkey’s recovery is over,” says Aaron Hurd, senior currency portfolio manager at State Street Global Advisors.
- Market Exclusive
Market Morning: Bond Bubble Reaches New Heights, Turkey Jails Mayors, Iran US Tanker Face Off,
Spanish, Portuguese Bonds Near 0% Yield Inverted yield curves, record amounts of debt yielding negative rates, and countries only a few years ago on the verge of bankruptcy yielding next to nothing. These are the signs of the beginning of a possible manic bubble phase of a nearly 40 year bond bull market now in […]The post Market Morning: Bond Bubble Reaches New Heights, Turkey Jails Mayors, Iran US Tanker Face Off, appeared first on Market Exclusive.
- Zacks
Top ETF Stories of July
Fed rate cut optimism boost stocks in the month of July. We highlight the other investing stories that regulated the ETF world in the month.
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Massive Rate Cut Puts Spotlight on Turkey ETF
Middle East's largest economy sees the biggest rate cut since 2002. We discuss the impact of this move on the country's ETF.
- ETF Trends
Latest Move by Turkey President to Fire Central Bank Official Shocks Investors
President Tayyip Erdogan did no favors for Turkey investors after canning the country’s central bank chief over the weekend in order to install his own deputy as a replacement. The latest move sent the country's stock market index down 1% and its local currency, the lira, down 1.5%. “I wouldn’t say it’s a complete shock but it is definitely a surprise because it looked like the central bank was already on its way to cutting rates,” said Pictet Asset Management portfolio manager Guido Chamorro.
- ETF Trends
Turkey ETF Retreats After Erdogan Fires Central Bank Governor
A Turkey country-specific exchange traded fund was among the worst hit on Monday as investors dumped Turkish assets after President Recep Tayyip Erdogan sacked the country’s central bank governor. The ...
- ETF Trends
Turkey Plans to Roll Out Dollar-Denominated Bond Amid Recovery
In an effort to reignite investor interest in Turkey debt, the country will offer a dollar-denominated bond to the international fixed income market. To facilitate this offering, the country hired BNP Paribas, Citigroup and HSBC to sell a dollar-denominated bond that will mature in 2024, according to the Ministry of Treasury and Finance. "Turkey’s international bond announcement attracted a lot of attention this morning, with many observers raising a logical question about the use of proceeds (in light of the recent currency interventions)," wrote VanEck economist Natalie Gurushina.
- MarketWatch
Popular Turkey-specific fund climbs as Erdogan suffers election defeat
A popular exchange-traded fund that tracks Turkey’s stock market is climbing on Monday after Ekrem Imamoglu of the opposition Republican People’s party won a key closely watched mayoral race over the weekend,
- ETF Trends
Another Trouble Spot For Turkey ETF
The controversial, much-maligned iShares MSCI Turkey ETF (TUR) is up more than 11% this month even as currency market observers fret about the strength of the lira. Last summer, low interest rate levels, high inflation and geopolitical tensions weighed heavily on Turkey’s economy. In addition, U.S.President Donald Trump imposed sanctions on Turkey’s interior and justice ministers for their role in the internment of U.S. pastor Andrew Brunson as well as other Americans for terrorism.
- Benzinga
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.
- Zacks
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.
- ETF Trends
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
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
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
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
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
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
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.
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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
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 ...
