“The lira and the rand have slumped to a series of lows early in 2014. The currencies are among those considered most vulnerable to a rise in U.S. interest rates as the Federal Reserve winds down its monetary stimulus. The lira and the rand rely on fickle flows of foreign money to fund their yawning current account deficits,” reports Tommy Stubbington for the Wall Street Journal.
TUR tipped investors to the fact that it could be volatile once again in 2014. TUR was under duress for much of 2013 due to tapering speculation and Turkey’s own bouts with political instability, but the ETF plunged 13% in December alone and investors pulled over $100 million from the ETF last year. [Thailand, Turkey ETFs Tumble to Start 2014]
iShares MSCI Turkey ETF
