TUR - TUR: Less Optimism Than Before, Still A Hold
2025-03-20 08:30:00 ET
Summary
- 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.
- Despite some economic improvements, the ETF's performance remains hindered by currency issues and political turmoil, leading to a cautious investment outlook.
Introduction
A bit under a year ago, in August 2024 , I reviewed the iShares MSCI Turkey ETF ( TUR ) and gave it a hold rating, citing several major concerns for the developing economy:
Before I go further in, just know that iShares uses "Turkey" as the country's name, but I will be using their official spelling, Türkiye. ...
TUR: Less Optimism Than Before, Still A Hold