About TUR ETF
Overview:
The iShares by BlackRock Turkey ETF (TUR) is the only fund on the market offering pure exposure to large and mid-sized companies in Turkey and is managed by BlackRock that has a total AUM of $6.28T.
TUR is an exchange-traded fund incorporated in the USA in March 2008.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
Investment Strategy:
The ETF seeks to track the investment results of an index composed of a broad range of companies in Turkey companies. It is used at the core of the portfolio to seek long-term growth.
Sector:
TUR has invested in Financials (24%), Industrials (24%), Basic Materials (16%), Consumer Non-Cyclical (12%) and Energy (8%).
Geography:
TUR has invested in Turkey (85%), Spain (7%), United Kingdom (6%), and Azerbaijan (2%).
Recommended for:
Growth
TUR is the only fund on the market offering pure exposure to Turkey.
According to ETFdb.com, "TUR is a nice option for investors who want to load up on Turkey but be aware the fund could experience high levels of volatility."
Additional Information:
1. Fund Factsheet
2.
Why the TUR ETF Is the Perfect Way to Play the Dip In Turkey
3.
Finding Opportunity Amid Unrest: Consider the Turkey ETF (TUR)
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R - squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. Liquidity is robust for retail investors and block liquidity is strong as well. The fund charges a competitive fee compared to other single-country funds. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
