iShares MSCI Turkey ETF (ISVZ)
XBER 
Summary
ISVZ Chart
Climate summit host Turkey proposes 2035 global electricity target
Turkey will seek to rally support for a global target for electricity to meet 35% of the world's energy demand by 2035, aiming to cut fossil fuel consumption, the president of this year's global climate summit said on Tuesday.
Erdogan rejects criticism of Turkey's peace efforts with Kurdish militants
President Tayyip Erdogan said on Wednesday that the peace process aimed at ending Turkey's decades-long conflict with Kurdish militants was progressing in a "positive atmosphere", after criticism from pro-Kurdish lawmakers.
TUR: High Concentration, Weak Momentum, And Regional Risks Justify A 'Hold' Rating
iShares MSCI Turkey ETF is rated 'Hold' due to high sector concentration, weak momentum, and regional risks. TUR's top ten holdings comprise nearly 50% of assets, with over 63% exposure to industrials, financials, and consumer staples. Despite strong performance from select holdings, TUR delivered negative returns YTD and underperformed broader benchmarks.
iShares MSCI Turkey ETF (ISVZ) FAQ
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iShares MSCI Turkey ETF Profile
| XBER Exchange | US Country |
Overview
This fund is an investment vehicle designed for investors seeking exposure to the Turkish equity market across its various capitalization segments, including large-, mid-, and small-cap stocks. It primarily targets capturing the performance of these segments by investing at least 80% of its assets in both the component securities of its underlying index and in investments that exhibit economic characteristics nearly identical to those securities. The underlying index serves as a benchmark to measure the performance of the broader equity market in Turkey, ensuring that the fund’s investment strategy is aligned with the dynamics and opportunities within the Turkish economy. This fund is characterized as non-diversified, meaning it may concentrate its investments more heavily in fewer issues compared to diversified funds.
Products and Services
- Component Securities Investment
This product involves the fund investing directly in the securities that make up the underlying index. This strategy is designed to mirror the index's performance by holding the same stocks in similar proportions, making it an effective way for investors to gain targeted exposure to the Turkish equity market.
- Economically Identical Investments
Aside from direct investments in component securities, the fund also seeks out investments that have economic characteristics that are substantially identical to those of the index's constituents. This can include derivatives or other financial instruments that mimic the performance of the underlying securities, offering another layer of exposure to the equity market in Turkey.
