Dolar tl investing spot demand from Turkish importers

Dolar tl investing spot demand from Turkish importers surged mid-week as commodity purchase contracts settled. This seasonal uptick in dollar buying often pressures the lira temporarily. There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund. Current dolar tl investing volatility index readings suggest risk remains elevated, with implied options volatility on USD/TRY holding above 18%, a sign markets are bracing for policy shocks.