Summary
TUR Chart
TUR: Less Optimism Than Before, Still A Hold
The iShares MSCI Turkey ETF faces significant challenges, including a volatile Lira, high inflation, and recent political instability affecting market confidence. Inflation in Türkiye has been a major issue, reaching 85% YoY in 2022, but has shown signs of stabilizing with key interest rates falling. A recent 12% plunge in TUR's price was triggered by high-profile arrests, causing market uncertainty and potential continued sell-offs.
TUR: Not Easy To Take A Definitive Stance
Since December 2023, the iShares MSCI Turkey ETF has experienced a volatile journey while eventually underperforming global markets. Looking ahead, we feel quite ambiguous about TUR's prospects as the macroeconomic backdrop, the valuation picture, and the technicals all provide a conflicting image. Turkey's GDP prospects look underwhelming, but inflation appears to be trending lower, and the central bank has just kickstarted a movement of interest rate cuts that could persist through this year.
TUR: Turkish Equities Offer Potential High Returns, But Risks Are Still Too High
iShares MSCI Turkey ETF invests in Turkish equities with a high expense ratio of 0.59%. Despite the high expense ratio, the fund remains popular for those speculating on Turkish stocks, with $223 million in assets. TUR saw a significant increase of over 100% on a total return basis from late 2022 to present, after a period of stagnation.
iShares MSCI Turkey ETF Dividends
 TUR 11 Jun 2024 Paid | Semi Annual | $0.49 Per Share |
| TUR 20 Dec 2023 Paid | Semi Annual | $0.35 Per Share |
| TUR 7 Jun 2023 Paid | Semi Annual | $1.08 Per Share |
| TUR 13 Dec 2022 Paid | Semi Annual | $0.18 Per Share |
| TUR 9 Jun 2022 Paid | Semi Annual | $0.55 Per Share |
iShares MSCI Turkey ETF Earnings
| TUR 11 Jun 2024 Paid | Semi Annual | $0.49 Per Share |
| TUR 20 Dec 2023 Paid | Semi Annual | $0.35 Per Share |
| TUR 7 Jun 2023 Paid | Semi Annual | $1.08 Per Share |
| TUR 13 Dec 2022 Paid | Semi Annual | $0.18 Per Share |
| TUR 9 Jun 2022 Paid | Semi Annual | $0.55 Per Share |
iShares MSCI Turkey ETF (TUR) FAQ
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iShares MSCI Turkey ETF Profile
| NASDAQ (NMS) 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.
Contact Information
