Turkish stocks still remain cheap despite recent gains made, trading at 10 times earnings, reports The Sizemore Investment Letter. The recent uptick to “investment grade” by Moody’s has also been a boon for more foreign investment.[Turkey ETF Slumps in Risk-Off Trade]
The protests have been ordered to a stop, possibly increasing some risk in the near term, but analysts think 6 months from now the riots will be a distant memory.
iShares MSCI Turkey Investable Market Index Fund
Tisha Guerrero contributed to this article.