We may have a new global region added to the list of exchange traded funds in the near future – Turkey.  Finans Asset Management launched the first ETF in Turkey in January 2005, the Dow Jones Istanbul 20 ETF.  This ETF tracks the performance of the largest blue-chips in Turkey.  In December 2005 another ETF was launched, the Non-Financial Istanbul 20 ETF, which tracks the performance of the largest industrial blue-chips of Turkey.  The provider will soon launch Turkish Smaller Companies Istanbul 25 ETF.

These ETFs are listed on the Istanbul Stock Exchange, however the company is working on a listing in the European markets in fourth quarter of this year.  Could this mean they come to the U.S. markets soon after?

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