Turkey ETF Retreats on Rate Hikes Expectations Due to Plunging Lira
August 06, 2020 at 16:59 PM EDT
A Turkey country-specific exchange traded fund plunged Thursday as the Turkish lira spirals to a record low on rising expectations that the Central Bank of Turkey will have to hike rates to support the currency. Among the worst-performing non-leveraged ETFs of Thursday, the iShares MSCI Turkey ETF...