Like many single-country emerging markets ETFs, TUR is heavily dependent on the financial services sector. That sector represents 35% of the ETF’s weight, more than double its second-largest sector weight. Industrial and materials stocks combine for over 30% of the fund’s roster. TUR has a 10.4% weight to consumer staples stocks.
“TUR’s upcoming two-month stretch is the best of all four ETFs discussed today, historically. The shares have averaged a March gain of 7.6%, since inception — another rally of that magnitude would place them around $47.81 — a neighborhood not charted since mid-2015. What’s more, TUR averages an even healthier gain of 8.6% in April. That would put the fund around $51.92, if history repeats — a three-year high,” according to Schaeffer’s.
TUR has a three-year standard deviation of 25%, which is well above the same metric on the MSCI Emerging Markets Index.
For more information on the Turkish markets, visit our Turkey category.