5 Best Performing Country ETFs in 2022

1. iShares MSCI Turkey ETF (NASDAQ:TUR)

YTD Return as of December 8: 75.24%

The iShares MSCI Turkey ETF (NASDAQ:TUR) invests in public equity markets of Turkey. The fund tracks the performance of the MSCI Turkey IMI 25/50 Index and employs a representative sampling technique. The iShares MSCI Turkey ETF (NASDAQ:TUR) has an expense ratio of 0.58% and is yielding 1.98%. As of December 8, the fund has gained 75.24% year to date and has outperformed the S&P 500 by over 92% in 2022. The iShares MSCI Turkey ETF (NASDAQ:TUR) is one of the best performing country ETFs in 2022.

The iShares MSCI Turkey ETF (NASDAQ:TUR) has investments in both growth and value stocks of companies of different market capitalizations. The fund has 66 holdings, a majority of which is concentrated in the materials, industrials, and financials segments. The fund has a top ten holdings concentration of 48.65%.

Turkiye Garanti Bankasi A.S. (OTC:TKGBY) is one of the most notable holdings of the iShares MSCI Turkey ETF (NASDAQ:TUR). Turkiye Garanti Bankasi A.S. (OTC:TKGBY) is a leading Turkish bank that is valued at $5.81 billion on the open market, as of December 8. On October 26, Societe Generale analyst Alan Webborn upgraded Turkiye Garanti Bankasi A.S. (OTC:TKGBY) to Buy from Hold and reiterated his TRY 30 price target on the stock.

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