The country is also suffering from a wide income gap, with Süleyman Çelebi, president of DİSK, one of Turkey’s three big labor confederations stating that “the rich became richer, while the laborers paid the price,” which has many observers opining that the AKP policies have favored the rich over the lower classes.
The Turkey ETF is currently in an uptrend and is well above its long-term trend line. As we like to say, you can’t fight the trend. If you want to get exposure to the Turkish economy, this is an efficient way to do it.
For more information on Turkey, visit our Turkey category.
- iShares MSCI Turkey Index (NYSEArca: TUR)
For full disclosure, Tom Lydon’s clients own shares of TUR.
Max Chen contributed to this article.