iShares Turkey ETF Is Off 20% Since Feb. 1: Time for a Small Long Bet
Carl T. Delfeld submits:
Turkish equity markets, which have been among the world’s top performers over the last year, hit some major bumps this week with the arrests over a recent coup plot and ongoing trouble in neighbor and longtime rival Greece spooking investors. The news sent the iShares MSCI Turkey ETF (TUR) sharply down and at $48.7, it has fallen 20% from its 2010 high of $58.5 2010 on February 1st.
This is a reminder that emerging markets are not for the faint of heart and that politics in these markets matter a great deal.
Investing, Long Term Investment, stock market | admin February 25, 2010
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