Stocks & Commodities V. 22:4 (56-57): Intermarket Review by David Penn
TURKISH INVESTMENT FUND (TKF)
The Turkish Investment Fund (TKF) is a closed-end fund under the advisement of Morgan Stanley Investment Advisors. Traded on the New York Stock Exchange (NYSE), the fund is geared toward providing
investors with exposure to equities of companies based in or out of Turkey. Founded in December 1989, the fund had total net assets in excess of $29 million as of this writing. Holdings in the Turkish Investment Fund include companies such as Turkiye Is Bankasi (banking), Akbank (banking), and Turkcell Iletisim Hizmet (communications). By industry sector, TKF is diversified principally among financials, consumer discretionary, and industrials.
Also covered: MEXICO FUND (MXF), TEMPLETON RUSSIA AND EAST EUROPEAN FUND (TRF), and INDIA FUND (IFN).