Turkey ETF: Waiting on EU Membership | ETF Trends

Turkey is a fast-rising economic power, with a core of internationally competitive companies that are helping to turn the country into an economic hub. All that has translated into a solidly performing exchange traded fund (ETF) this year.

Turkey’s economy grew by 11.7% in the first quarter compared with a year earlier, underlining a robust recovery unharmed so far by growing economic woes in the European Union. So, why hasn’t the country joined the 27-member bloc? [Euro ETFs Riding High, But Will It Last?]

Landon Thomas Jr. for The New York Times says that Turkey is tapping cash-rich export markets in Russia and the Middle East while attracting billions of investment dollars in return. Turkey has been turned away from membership through the years, but these days the country is on more solid footing than other E.U. members, notably Greece. [Turkey’s Economy Picks Up the Pace.]

For more stories about Turkey, visit our Turkey category.

  • iShares MSCI Turkey Index (NYSEArca: TUR): up 8.1% year-to-date

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.