TUR was under duress for much of 2013 due to tapering speculation and Turkey’s own bouts with political instability, but the ETF’s almost 13% plunge in December indicated it could encounter some rough sledding to start 2014. That despite several bullish calls on Turkish equities. [Turkey ETF Draws a Bull Call]

The Turkish lira hit a record low against the dollar late last month after Prime Minister Erdogan fired four ministers and announced a new cabinet change up of 10 new cabinet members, following a slew of corruption charges. [Political Instability Hammers Turkey ETF]

Prior to 2013, TUR had also generated annual gains in three of the previous four years, but last year, investors pulled almost $102 million from the ETF.

iShares MSCI Turkey ETF