Turkey ETF
For years Turkey has been a real growth wonder. At the same time that the EU was confronted with severe challenges Turkey was prospering.
Unfortunately this magnificent growth has turned sour. Increasing political uncertainty and a war waging at its borders have made Turkey a less stable country to invest. It will be a real challenge to invest in a Turkey ETF while assessing all these negative factors.
If Turkey and the wider region will come to a more stable situation there will rise opportunities, no doubt about that. If, however, things further escalate, the Turkish fairytale is over.
iShares MSCI Turkey UCITS ETF
This iShares ETF is fully focused on Turkish companies. Within the iShares MSCI Turkey UCITS ETF you will find about 25 Turkish publicly traded companies.
The financial sector has a large impact on this ETF with a share of 45%. Consumer goods are also an important market sector with a share of 20%. Industry takes up 15% of this index and subsequent ETF. It is a physical ETF so iShares will buy the underlying stocks. Every year dividends will be paid out.
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iShares MSCI Turkey UCITS ETF info:
ETF provider: iShares (BlackRock)
Ticker: ITKY
ISIN: IE00B1FZS574
Currency: EURO
Exchange: Euronext Amsterdam
This iShares MSCI Turkey UCITS ETF has quotations on different exchanges and is known under several ticker symbols. As long as the ISIN number is identical you are dealing with the same ETF.