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TUR, home to nearly $397 million in assets under management, holds 65 stocks. Over 37% of the ETF’s holdings hail from the financial services sector. The industrial and consumer staples sectors combine for 28% of the ETF’s weight.

Turkish “equities posted the best gains since 2009 for January-August amid a surge in state-backed lending, faster-than-expected economic growth and tempting valuations. The central bank’s tightening policy stabilized the lira, providing an additional boost to the stock market. Analysts’ earnings projections for companies on the Borsa Istanbul 100 Index extended to a record high,” according to Bloomberg.

Underscoring the volatility that often comes with Turkish stocks, TUR has a three-year standard deviation of 24.5%, well above the same volatility gauge on the MSCI Emerging Markets Index.

For more stories on the lone Turkey ETF, visit our Turkey category.