Turkey

Turkish equities and country-specific exchange traded fund rebounded Tuesday as bargain hunters jumped on an oversold market. The iShares MSCI Turkey ETF (NYSEArca: TUR) rose 3.1% Tuesday. TUR has declined 17.2% over the past month and fell 34.1% year-to-date. The Borsa Instabul 100 index advanced 4.1% Tuesday, with the banking sector leading, after a 7.1% […]

Turkish stocks and country-specific exchange traded fund plunged Tuesday on escalating tensions between Turkey and Russia after the downing of a Russian jet added to a long list of concerns. The iShares MSCI Turkey ETF (NYSEArca: TUR) dropped 4.5% Tuesday, falling below its short-term 50-day simple moving average and reversing the gains from the recent […]

Turkish equities and country-specific exchange traded fund are among the worst performers among developing economies, and the market continued to sink lower Tuesday after the central bank failed to instill confidence in investors. The iShares MSCI Turkey ETF (NYSEArca: TUR) slipped 2.2% Tuesday to a new 52-week low and has declined 25.2% year-to-date. The Turkish […]

Emerging market exchange traded fund investors should closely monitor their Colombia and Mexico exposure as the two economies join the infamous list of “fragile five” emerging countries. According to JPMorgan Asset management, Colombia and Mexico are now members of the so-called fragile five group of emerging markets, edging out Brazil and India, reports Steven Johnson […]

The Turkey exchange traded fund has fallen off over the past week after a string of attacks in the region and an uncertain political environment weighed on investors. However, some believe the recent sell-off has left a more appealing entry point. Over the past week, the iShares MSCI Turkey ETF (NYSEArca: TUR) has plunged 7.9%. […]

A strong U.S. dollar has weighed on the outlook of the emerging markets. However, investors may still find opportunities in some areas and country-related exchange traded funds. A sustained U.S. dollar rally will pressure developing markets. “Unfortunately, we do not believe the dollar rally is over which means the headwind is still there. But we […]

Turkey’s weekend election results added to further political uncertainty as the ruling AK Party failed to garner a parliament majority, sending Turkish equities and country-specific exchange traded fund in free fall. The iShares MSCI Turkey ETF (NYSEArca: TUR) plunged 6.8% Monday. TUR has declined 14.5% year-to-date. Turkish President Tayyip Erdogan hoped for a crushing victory […]

The U.S. dollar has been quickly appreciating and further strength in the greenback could put further pressure on some emerging markets and country-specific exchange traded funds. For instance, Oxford Economics warned that Malaysia, Chile and Turkey were among the emerging markets most at risk of a stronger USD, reports Ansuya Harjani for CNBC. “A simple […]

Exchange traded funds that track Brazil, South Africa and Turkey could produce another round of headaches as the lingering trade deficits weigh on their economies and currencies. Brazil, South Africa and Turkey are among the remaining so-called fragile economies if the Federal Reserve decides to tighten its monetary policy, as former members India and Indonesia […]

After India and Indonesia enacted reforms to bolster their economies, emerging market exchange traded fund investors will only have to monitor the remaining fragile three if the Federal Reserve decides to tighten its monetary policy. Morgan Stanley first identified the Brazil, India, Indonesia, Turkey and South Africa as the five most vulnerable to changes in […]

As the European Central Bank turns on its printing press, emerging market assets and related exchange traded funds could sop up all the excess liquidity. Emerging market ETFs, like the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) and iShares MSCI Emerging Markets ETF (NYSEArca: EEM), could capitalize on another round of easy money. Year-to-date, VWO […]

I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments among exchange traded funds. On Thursday, I focused on the iShares MSCI Turkey ETF (NYSEArca: TUR). The low oil prices will help Turkey cut down on its current account deficits. Click here […]

Exchange traded funds that track fragile-five countries Brazil, Indonesia, India, South Africa and Turkey have been susceptible to rising trade deficits and weakening currencies. However, the cheaper oil prices could help turn things around. According to the Bank of America Merrill Lynch, the low energy prices will help fragile-five economies narrow trade deficits and reduce […]

The weakness in the commodities market could help alleviate inflationary pressure in developing economies and bolster some emerging market stocks and exchange traded funds. According to Credit Suisse, cheaper commodities prices could diminish aggregate emerging market inflation, excluding China and India, by one to 6.6 percentage points by the end of 2015, reports Simon Kennedy […]

When it comes to emerging market exchange traded funds, investors were better off being picky, instead of taking on broad exposure to the developing economies. Investors are picking and choosing their country exposure one at a time, with South-East Asian countries outperforming the broader emerging markets, especially Thailand and the Philippines, writes Alen Mattich for […]

To put it delicately, 2014 has been an action-packed year for the year iShares MSCI Turkey ETF (NYSEArca: TUR). Amid violent political protests that send the lira tumbling to start the year, TUR stumbled by nearly 13% through the first six weeks of the year, becoming the poster child for the sell-off in emerging markets […]

With China’s spending on the decline and the U.S. Federal Reserve aiming toward tighter monetary policies, emerging market exchange traded funds that track the so-called fragile five – Brazil, India, Indonesia, South Africa and Turkey – could mirror the weakness experienced earlier this year. “Growth in emerging markets has been driven by Chinese demand and […]

Although Turkey holds an investment-grade credit rating, the country’s historically fractious relationship with ratings agencies could be further strained in the event of a sovereign downgrade that returns the country to junk status. Such a move also has the potential to weigh on several exchange traded funds that feature large allocations to Turkish sovereign debt. […]

Prime Minister Recep Tayyip Erdogan’s win in Turkey’s first direct presidential election could provide the political pressure for interest rate cuts, potentially promoting growth and lifting the stock market and related country-specific exchange traded fund. Erdogan has been calling for interest rate cuts to stimulate economic growth after the economy is expected to slowed to […]

Riding the wave of improved sentiment toward emerging markets and relief over the outcome of municipal elections, the Turkey exchange traded fund is testing its long-term trend line. The iShares MSCI Turkey ETF (NYSEArca: TUR) has jumped 23.0% over the past month. The ETF now trades about 1.4% above its 200-day exponential moving average. “The […]

If you believe in the market’s ability to revert back to the mean, then you are likely hunting down exchange traded funds with attractive valuations or those that have been recently oversold. But there is a little more to value investing than just picking the worst performers. Singling out the worst-performing ETFs is just the […]

After a widespread government corruption probe sent Turkish stocks and the related exchange traded fund reeling, Turkey’s credit rating is now under fire, with Moody’s Investors Service considering 10 banks for downgrades. The iShares MSCI Turkey ETF (NYSEArca: TUR) has declined 7.2% year-to-date and fell 33.9% over the past year. Moody’s review includes Turkiye Garanti […]

Tennessee, the Volunteer State,  is the top holder or second-largest investor in 12 emerging market exchange traded funds, highlighting the growing usage of ETFs as an investment tool to gain targeted exposure to market areas. The Tennessee Consolidated Retirement System is now one of the biggest investors of country-specific emerging market ETFs, reports Margaret Newkirk […]

Turkey’s economy remains fragile and vulnerable to both domestic and international shocks. Turkey exchange traded fund investors should monitor the situation closely as any small pressures could push the market over the edge. The current-account deficit has been a major point of concern in the emerging markets. In Turkey, the deficit is at over 5% […]

Turkish stocks and the related exchange traded fund stumbled Tuesday on concerns the political situation there is deteriorating as some call for the prime minister’s resignation. The iShares MSCI Turkey ETF (NYSEArca: TUR) declined 3.7% Tuesday. TUR is down 22.3% over the past three months. [ETF Chart of the Day: Talking Turkey] The Borsa Instabul […]

When lightly traded ETF options trade, particularly in global/thematic names, we always pay attention. Yesterday we saw interesting put activity in TUR (iShares MSCI Turkey Investable Market, Expense Ratio 0.60%) which is a somewhat popular fund that averages nearly 500,000 shares traded daily and having amassed about $539 million in assets under management. The March […]

A prominent theme tied to emerging markets in recent months has been a spate of central bank actions. Primarily, developing world central banks have been raising interest rates as a means of defending sagging currencies. Conventional wisdom dictates that it usually takes several months for an interest rate change, in either direction, to make an […]

Amid political strife and a tumbling lira, Turkish stocks, along with related country-specific exchange traded fund, appear inexpensive with financial firms falling below book value for the first time in five years. The iShares MSCI Turkey ETF (NYSEArca: TUR) has 40.1% over the past year. TUR’s holdings are trading at a price-to-prospective earnings of 8.4. […]

The iShares MSCI Turkey ETF (NYSEArca: TUR) jumped 4.6% during Tuesday’s after-hours session, an uncommon after-hours move for any ETF, after the Turkish central bank raised its overnight lending rate to 12% from 7.75% and more than doubled the overnight borrowing rate to 8% to 3.5%. Eschewing the 1,000 paper cuts rate-hiking methodology used by […]

The embattled iShares MSCI Turkey ETF (NYSEArca: TUR) may have gotten a lifeline Tuesday evening when the Turkish central bank raised its overnight lending rate to 12% from 7.75% and more than doubled the overnight borrowing rate to 8% to 3.5% in one of the boldest moves by any central bank in recent memory to […]