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Wednesday, February 24, 2010

Turkey's ETF Continues to Get Pummeled -- Seeking Alpha

"Turkey's ETF Continues to Get Pummeled
by: Kevin Kennedy February 24, 2010 | about: TUR

A bungled coup plot by Turkish military leaders and financial troubles in nearby Greece are hampering shares of high-flying iShares Turkey (TUR).

The Turkish exchanged traded fund traded as low as 48.05 today, an almost 12% plunge in less than three trading days, to fall almost 19% off its 52-week high set Jan. 19. It closed off 2.4% Wednesday at 49.65, down almost 8% year to date but still up an impressive 124% in the past year."

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