However, Vecht cautioned that the rate hike could slow the economy over the short-term.
This is also a busy earnings week for Turkish banks, with Turkiye Garanti Bankasi AS (GARAN), the largest lender by market value, reporting fourth-quarter results Thursday. Turkiye Garanti Bankasi is the largest holding in TUR, accounting for 10.4% of the ETF’s holdings.
iShares MSCI Turkey ETF
For more information on Turkey, visit our Turkey category.
Max Chen contributed to this article.