Political Crisis Batters Turkey ETF
December 26, 2013 at 14:27 PM EST
The Turkey exchange traded fund plunged Thursday and the Turkish lira fell to a record low after a shakedown in Prime Minister Recep Tayyip Erdogan’s cabinet on graft allegations. The iShares MSCI Turkey ETF (NYSEArca: TUR) fell 6.9% Thursday. TUR is down 24.0% year-to-date. Prime Minister...