ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF of the Week: iShares MSCI Turkey ETF (TUR)
News
Share

ETF of the Week: iShares MSCI Turkey ETF (TUR)

Evan HarpDec 29, 2022
2022-12-29

VettaFi’s vice chairman Tom Lydon discussed the iShares MSCI Turkey ETF (TUR A-) on this week’s “ETF of the Week” podcast with Chuck Jaffe of Money Life.

Lydon noted that 2022 was a disappointing year for both equities and fixed income. “However, there were a couple bright lights, and one, surprisingly, was this ETF,” Lydon said. TUR was a up a whopping 90% despite some wild headwinds, notably the strength of the U.S. dollar weighing down on it. “It’s just amazing that the local Turkey market did really, really well during this period of time.”

Turkey does not have many publicly traded companies, and the 50 companies in this fund largely focus on industrials and materials, which tend to perform well in times of high inflation. Lydon expressed belief that just because emerging markets are down, it doesn’t mean that investors should avoid looking at other parts of the world going into 2023. He noted that, despite great valuations, developed nations have struggled because their economies have been down. “Keep your eyes open, keep open minded, because there are going to be areas of the world that are surprisingly going to gain some momentum,” Lydon cautioned.

Jaffe observed that TUR is more than 20% over its moving average, leading to questions of whether or not it will face some sort of correction. Out of all the non-leveraged ETFs out there, TUR performed the best, but Lydon doesn’t think that investors should necessarily pour money into it right now. He urged investors to think about which areas of the world have been hammered and to begin some kind of trend-following strategy. “You could put something like this to work and buy some fairly risky areas.”

There are plenty of valuations 60%–80% off their marks from a year ago, leading to lots of opportunities. “Choice sometimes provides confusion,” Lydon said.

Asked if the strength of the recent performance of the fund is truly something that should caution investors, Lydon admitted, “The honest answer is you don’t know. This ETF could double again in 2023.” He added that TUR remains inexpensive and is still trading at a 50% discount. “It’s had a great run, but I couldn’t guess what 2023 is going to bring.” He proffered that some areas that have been hammered — whether they are China stocks, innovative technology, or internet stocks — are not going away and are worth thinking about.


Content continues below advertisement

Listen to the Whole Episode Covering TUR Here:

For more news, information, and analysis, visit VettaFi | ETFDB.

» Popular Pages

  • Tickers
  • Articles

Jan 31

A Recap of the Night Effect in January

Jan 31

E-Commerce Spending Exceeds $1 Trillion in 2022

Jan 31

Vanguard: Fixed Income Seeing Strong Flows

Jan 31

Confluence Asset Allocation Quarterly Q1 2023

Jan 31

Embrace a “Dividend Decade” in a Quality Dividend ETF

Jan 31

ETF Prime: Disruptive Tech and International Stocks

Jan 31

Emerging Markets Ex China ETF Launched by Strive

Jan 31

QINT Catches Eyes With Quality International Equities

Jan 31

Investors Look to Equal-Weight and Quality Factors

Jan 31

Bonds Facing a Better Year: Capture With BNDI

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X