EMerging Equity
$TUR
Turkey’s New Central Bank Governor Must Walk Political Minefield
By Iain MacGillivray Turkey’s former Central Bank Governor Erdem Başçi has bowed out from his position after five years in the job, leaving behind an interesting financial legacy amid growing political pressure from the ruling government. While Başçi managed to keep the Palace at bay and interference minimal, the appointment of his successor Murat Çetinkaya, a … Continue reading
Emerging Markets: What Has Changed This Week?
By Marc Chandler, Marc to Market Blog China’s central bank may be leaning less dovish Turkey has a new central bank governor Argentina issued external debt for the first time since it defaulted 15 years ago Brazil’s lower house voted to impeach President Rousseff by a 367-137 vote In the EM equity space, Russia (+2.7%), Indonesia (+1.9%), … Continue reading
Mark Mobius: Emerging Markets Q1 2016 Recap – A Turn In Fortunes
By Mark Mobius, Templeton Emerging Markets Group The Templeton Emerging Markets Group has a wide investment universe to cover—tens of thousands of companies in markets on nearly every continent! While we are bottom-up investors, it helps to have some big-picture context. Here, I outline what’s happened in the emerging markets universe in the first three months of … Continue reading
5 Reasons Why Turkey Should Outperform Global Emerging Markets: Relative Analysis Insight
Turkey’s stock market, one of the world’s top performers this year, may be heading into a downturn, several indicators followed by technical analysts show, Bloomberg reported on Thursday, March 24. The news agency suggests that the benchmark Borsa Istanbul 100 Index is slowing down after its best eight-week run since mid-2014. “The main driver behind the … Continue reading
WW3: Fighters From Turkey Are Pouring Into Syria And Attacking Targets Despite The Ceasefire
By Michael Snyder The ceasefire in Syria is a joke. Turkish military units continue to mass along the border, and militants are pouring across the border to attack targets in northern Syria. The Prime Minister of Turkey is now openly admitting that his government is supporting the militants that are trying to overthrow the Syrian … Continue reading
Gazprom Cutting Gas Supplies To Turkey
The already strained relations between Moscow and Ankara have taken a turn for the worse. Gazprom has cut gas supplies by nearly a quarter after failing to reach an agreement with Turkish importers on discounts for Russian natural gas. Delivery is down 23 percent, compared to the same period last year, Interfax reports, quoting data … Continue reading
Russia-Turkey Trade Contracted 25% In 2015
Trade turnover between Russia and Turkey fell to $23 billion last year and will continue to fall in the future, according to Russia’s Ambassador to Turkey Andrey Karlov. Karlov added that trade between Moscow and Ankara this year is continuing to slide. In January, the volume of Turkish exports to Russia fell by two-thirds, and … Continue reading
Turkey’s Election Turmoil: A Plague Upon The House Of Erdoğan
By Conn M. Hallinan As Turkey gears up for one of the most important elections in its recent history, the country appears, as one analyst noted, to be coming apart at the “seams”: Longstanding tensions with the country’s Kurdish population have broken out into open war. A Kurdish-led left political party is under siege by rightwing … Continue reading
Venezuela, Argentina, Turkey Are The Most Vulnerable To Risks Facing EMs: S&P
For the world’s emerging market nations, the period since the 2008 financial crisis has been, overall, conducive to economic growth, as a result of easy global credit conditions and, for commodity exporters, positive price developments. Now, though, at least three major risks are combining to provide for a much darker outlook, according to an article published … Continue reading
iShares MSCI Turkey ETF (TUR): Analyst Report
The iShares MSCI Turkey ETF (TUR) provides equity exposure to Turkey which is the largest economy in emerging Europe. This exchange traded fund (ETF) offers risky single country emerging market equity exposure and should be deployed as tactical tool within a diversified portfolio. As an example the iShares MSCI Emerging Markets ETF (EEM) allocates less than 2% towards the country. Therefore, before considering an investment, … Continue reading
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