Best ETF for August 2009

The best ETF for this month is TUR (iShares MSCI Turkey). Turkish market, like any other emerging market, was down almost 70% from October 2007 to November 2008 and is recovering very well right now. How far it can go? It all depends on the overall market. If the actual optimism will continue the Turkish market will likely outperform the US and other developed countries markets but the opposite is also true, if the last year pessimism will return.

TUR


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Comments

2 Responses to “Best ETF for August 2009”

  1. Joe on August 22nd, 2009 7:59 am

    Turkey has rised its time to sell. Financials are recovering XLF will have more upside.

  2. admin on August 22nd, 2009 9:03 am

    Joe, the trend is still up for TUR and there is no reason to sell it as long as it continue to go up. When the up trend will be over our system will issue a sell signal for sure…

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