2024-03-08 03:10:42 ET
Summary
- TUR, which tracks the MSCI Turkey IMI 25/50 Index, has performed well in 2024 despite a challenging macro backdrop.
- Turkey's inflation is climbing, while the value of the Lira vs USD continues to drop, despite elevated interest rates.
- Turkey's young population and competitive labor costs make it an attractive country investment option, but inflation and political risks remain concerns.
Turkey is what amateur international relations aficionados (such as myself) would refer to as a geostrategic location. For over a millennium, back in the age of empire, what is now Turkey has economically benefited from sitting at the nexus of East and West. This significance has not abated in the modern era. Due to its geographic positioning, the country has the ability to serve major markets in Europe, the Middle East, and Asia. For those considering a pure play on this niche country, the iShares MSCI Turkey ETF ( TUR ) presents an opportunity....
Read the full article on Seeking Alpha
For further details see:
TUR On A Tear Despite Suffocating Inflation