Turkey ETF Inflows Signal Interest in Stock Market Missing Rally
Inflows into foreign-traded Turkish ETFs, funds that serve as barometers of international interest in the country's equities, are showing signs of renewed interest in a stock market that has missed this year's emerging-market rally.
The $154 million iShares MSCI Turkey ETF — an exchange-traded fund that tracks the the MSCI Turkey Index — has seen an inflow of $21.4 million in June, on track for its best month in two years. Similar ETFs are also on the rise, helping the Borsa Istanbul 100 gauge to its best month since November.
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