The Bist 100 index (which serves as a benchmark for the Turkish stock market) is in a solid short-term bullish trend.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Prices, after falling back towards 7,600 points in mid-May, made a strong leap forward and rose to a peak of 17,080 points.
In recent weeks, a physiological correction then began, fuelled by strong short-term overbought, with prices edging up towards 14,700.
A further downturn could push the market close to the important support, both graphic and psychological, placed at 14,000 points: the holding of this last level assumes particular relevance as it could favour a re-accumulative phase and create the premises for a further extension.
Click on the image to enlarge it.
From a graphical point of view, however, only the breakout of 16,550 points could provide a new directional bullish signal and open up further room for growth.
Click on the image to enlarge it.
The following ETFs can be used to invest in the Turkish stock market:
Lyxor MSCI Turkey, ISIN LU1900067601. It is an ETF that replicates the performance of the MSCI Turkey index which contains Turkish high and mid-capitalisation equities. The ETF, which has €69m in assets under management and synthetically replicates the underlying (via a swap), adopts an accumulation policy (with dividends therefore reinvested within the fund). The total expense ratio (TER) is 0.55% per annum.
Ishares MSCI Turkey, ISIN IE00B1FZS574. It is an ETF that replicates the performance of the MSCI Turkey index which contains Turkish high and mid-cap Turkish equities. It is an ETF with €92m in assets under management, which provides for physical replication of the underlying and which uses a distribution policy (with dividends being distributed semi-annually to investors). The total expense ratio (TER) is 0.74% per annum.
Hsbc MSCI Turkey, ISIN IE00B5BRQB73. It is an ETF that replicates the performance of the MSCI Turkey index which contains Turkish high and mid-cap Turkish equities. It is an ETF with €11m in assets under management, which provides for physical replication of the underlying and uses a distribution policy (with dividends being distributed semi-annually). The total expense ratio (TER) is 0.50% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
Subscribe to Our Newsletter
