Top 5 Quality Stocks To Own Right Now: Turkish Investment Fund Inc (TKF)
The Turkish Investment Fund, Inc. (the Fund), incorporated on September 27, 1988, is a non-diversified, closed-end management investment company. The Funds investment objective is long-term capital appreciation through investments primarily in equity securities of Turkish corporations. Its portfolio includes Turkish common stocks and short-term investments.
The Fund invests in industries, such as automobiles, beverages, commercial banks, construction materials, diversified financial services, real estate and wireless telecommunication services. The Funds investment advisor and administrator is Morgan Stanley Investment Management Inc.
Advisors' Opinion:- [By Dan Caplinger]
Liquidity can be an even bigger concern among alternatives to ETFs. The closed-end Turkish Investment Fund (NYSE: TKF ) has been even more volatile than the Turkish stock market, as the limited availability of closed-end fund shares produces even greater disparities between net asset value and share price. Yesterday, the Turkish closed-end traded at a 13% discount to net asset value, but that discount has moved in a wide range between 6% and 15% at various points during the past year, with some of the biggest discounts coming on days of heightened activity among protesters.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-quality-stocks-to-own-right-now.html
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