The Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) is off just 0.8 percent this quarter, a showing far superior to the 3.4 percent lost by iShares MSCI Emerging Markets Indx (ETF) (NYSE: EEM).
However, investors might want to curb their enthusiasm for Turkish stocks and TUR. Judging by the outflows from the country's financial markets, investors are already doing just that.
“Investors from abroad withdrew $7.6 billion from assets in 2015, including $1.4 billion in outflows last month as the party that President Recep Tayyip Erdogan helped found swept back into power, initially triggering a rally in the nation’s assets. Declines resumed as the war in neighboring Syria and Russian sanctions threatened the country’s $720 billion economy,” according to Bloomberg.
/www.benzinga.com/news/15/12/6035831/dont-bet-on-a-rebound-for-the-turkey-etf alt=Don't Bet On A Rebound For The Turkey ETF>Full story available on Benzinga.com
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