Turkey and ETFs Get a Lift From Upgrade
July 30, 2008 at 15:00 PM EDT
JP Morgan Chase upgraded Turkey’s rating from underweight to neutral, which is welcome news for its related exchange traded funds (ETFs). No reason was given for the change, but it might imply the adding of Turkish bonds to the trading portfolio of its Emerging Market Bond Index Global Index (EMBIG), which is a widely followed benchmark [...]