How to invest in Turkey using ETFs
How do I invest in Turkish stocks?
The easiest way to invest in the whole Turkish stock market is to invest in a broad market index. This can be done at low cost by using ETFs.
On the Turkish stock market you'll find 1 index which is tracked by ETFs.
Besides ETFs on Turkey, there are no regional ETFs available with significant weight of Turkish stocks.
Performance of Turkish stocks (MSCI Turkey)
1 month: 3.07%
1 year: 7.54%
3 years: 80.21%
5 years: 42.78%
Indices in comparison
The best indices for ETFs on Turkey
For an investment in the Turkish stock market, there is 1 index available which is tracked by 3 ETFs. On the MSCI Turkey index there are 3 ETFs. The total expense ratio (TER) of ETFs on these indices is between 0.45% p.a. and 0.74% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
MSCI Turkey | Turkey | 3 ETFs | 18 (31.10.23) | The MSCI Turkey index tracks Turkish large and mid cap stocks. Index factsheet |
| ETF ISIN | Fund size in m EUR | TER in % | Use of profits | Fund domicile | Replication method | |
|---|---|---|---|---|---|---|
| iShares MSCI Turkey UCITS ETFIE00B1FZS574 | 93 | 0.74% p.a. | Distributing | Ireland | Full replication | |
| Lyxor MSCI Turkey UCITS ETF - AccLU1900067601 | 54 | 0.45% p.a. | Accumulating | Luxembourg | Unfunded swap | |
| HSBC MSCI Turkey UCITS ETF USDIE00B5BRQB73 | 12 | 0.50% p.a. | Distributing | Ireland | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| MSCI Turkey | -13.26% | 0.31% | 12.09% | 15.05% | 105.64% |
| Index | 2023 in % | 2022 in % | 2021 in % | 2020 in % | 2019 in % | |
|---|---|---|---|---|---|---|
| MSCI Turkey | -6.59% | 101.35% | -22.88% | -17.00% | 12.35% |
Source: justETF.com; As of 31.10.23; Calculations in EUR based on the largest ETF of the respective index.
The best Turkey ETFs
by 1 year return
| 1 | Lyxor MSCI Turkey UCITS ETF - Acc | 16.53% |
| 2 | iShares MSCI Turkey UCITS ETF | 15.05% |
| 3 | HSBC MSCI Turkey UCITS ETF USD | 14.49% |
The cheapest Turkey ETFs
by total expense ratio (TER)
| 1 | Lyxor MSCI Turkey UCITS ETF - Acc | 0.45% p.a. |
| 2 | HSBC MSCI Turkey UCITS ETF USD | 0.50% p.a. |
| 3 | iShares MSCI Turkey UCITS ETF | 0.74% p.a. |