Up nearly 13 percent year-to-date, the Ishares Msci Turkey Inv Market Index Fd (NYSE: TUR) is one of this year's better-performing single-county emerging markets exchange-traded funds.
Turkish Delight?
TUR's bullishness this year's comes amid lingering concerns about the country's sovereign credit rating and seemingly always present political volatility. Along with South Africa, Turkey is widely seen as the next major emerging market to possibly be downgraded to a junk credit rating after Brazil suffered that fate in September at the hands of Standard & Poor's.
However, there are some signs TUR, though a volatile single-county offering, could continue delivering upside for investors. Importantly, some of those signs come courtesy of the country's central bank, which was previously criticized by global investors for being too slow to ...
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