ERELY - iShares MSCI Turkey ETF: Tracking The World's Cheapest Market

• Once a quarter, I conduct a review of market valuations around the globe.
• Turkey is currently the cheapest market in the world by many measures.
• Turkey is cheap for many social, geopolitical, and economic reasons, including inflation, currency depreciation, and questionable central banking practices.
• This said, demographic and economic trends are strong, the economy is well-diversified, revenues are growing, and many public corporations have remained profitable despite the inflation.
• Deep value or contrarian investors may wish to consider a position in this out of favour market.

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