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Turkey's Economic Pain Felt In US

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Turkey's Economic Pain Felt In US

Turkey's Economic Pain Felt In US

Turkey’s currency crisis has roiled emerging-markets investors far and wide, including the U.S. state of Tennessee.

There the state’s retirement system is the biggest institutional holder in a Turkey exchange-traded fund.

Reuters reports that the Tennessee Consolidated Retirement System manages a retirement plan for public employees statewide.

It was the largest institutional shareholder in the U.S.-based iShares MSCI Turkey ETF.


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