iShares MSCI Turkey ETF

TUR

時価総額 $1.56億

Turkey will seek to rally support for a global target for electricity to ‌meet 35% of the world's energy demand by 2035, aiming to cut fossil fuel consumption, the president of this year's global climate summit said on Tuesday.

CNBC's Dan Murphy delves into the Middle East's investment flows and provide insights on the global energy hub and the vast amounts of capital originating from the region on Access Middle East (12:00 – 13:00 SIN/HK). Please note this livestream is only available in Europe and India.

The iShares MSCI Turkey ETF (TUR) has outperformed the S&P 500 so far in 2026, most recently benefiting from a ceasefire in neighbouring Iran. Even so, TUR holdings remain notably cheaper than U.S. large caps, offering small double-digit gains as long as downside risks do not materialize. TUR is principally invested in cyclical sectors, amplifying its earnings volatility throughout the economic cycle.

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iShares MSCI Turkey ETF is rated 'Hold' due to high sector concentration, weak momentum, and regional risks. TUR's top ten holdings comprise nearly 50% of assets, with over 63% exposure to industrials, financials, and consumer staples. Despite strong performance from select holdings, TUR delivered negative returns YTD and underperformed broader benchmarks.

The iShares MSCI Turkey ETF offers broad exposure to Turkish equities, covering most of the free float-adjusted market cap. Key catalysts for TUR include ongoing monetary easing, benefiting industrials and potentially improving bank profitability as net interest income recovers. Given high valuation and persistent macro risks, I rate TUR as HOLD, awaiting a more attractive entry point despite positive economic momentum.

Single-country funds can reduce overall portfolio risk by acting differently than the S&P 500, offering diversification beyond broad international indexes.

The ratings agency said Friday it lifted the country's long-term foreign currency sovereign-credit ratings and local currency issuer ratings to Ba3 from B1.

iShares MSCI Turkey ETF offers diversified exposure to Turkey's high-growth sectors—industrials, financials, and consumer defensives—positioning it for potential upside amid economic reforms. Risks like currency depreciation, high inflation, and political instability remain significant and could undermine returns for USD-based investors. TUR's lower expense ratio and broader diversification make it more appealing than ITKY, but concentrated holdings and low liquidity add to the risk.