The effects of the clashes that have been taking place in the country in the last week on the Turkish stock market do not seem to have finished.
Interesting to see what happens to the listed index fund (ETF) issued by Lyxor International Asset and linked to the 20 largest Turkish stocks. On 16 May, the fund had reached its maximum value for 2013 with a price of 67,99. However, the value has significantly decreased following the events of these days.
The last price recorded, this afternoon, settles at 50,45 with a percentage variation of -7,45.
The Turkish market, in recent years always expanding, is recording an overall loss of 21,77% in the last month.
ETFs are a particular category of funds whose units are traded on the stock exchange in real time like simple shares. ETFs passively replicate the composition of a market index and consequently also its return.
