Banking, finance, and taxes
A Sovereign Credit Rating Upgrade For Turkey (TUR, TKF, TKC)
Published:
Last Updated:
Moody’s believes that Turkey can continue to improve its fiscal and macroeconomic situation. Now it may be no coincidence that Turkey has been one of the best local stock markets in 2012 with double-digit gains. Here are the three vehicles which U.S. investors use to invest in Turkey (one of each as ETF, closed-end fund, and ADR):
iShares MSCI Turkey Invest Market Index (AMEX: TUR) trades at $50.78 against a 52-week range of $39.82 to $60.66 and it has more than $400 million in assets.
Turkish Investment Fund Inc. (NYSE: TKF) trades at $13.53 against a 52-week range of $10.81 to $16.11 and it has more than $111 million in assets.
Turkcell Iletisim Hizmetleri AS (NYSE: TKC) trades at $11.68 against a 52-week range of $10.18 to $14.10 and it has a market cap of more than $25 billion.
Turkey was one of our own list of nations we projected to be upgraded in 2012.
JON C. OGG
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
