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Sunday, February 15, 2026

When Tear-Gas Flies, It’s Time to Buy

When Tear-Gas Flies, It's Time to Buy

By Paul Price

Media coverage of riots in Istanbul, Turkey has traders scared of emerging markets (EM). Last week marked the third largest dollar amount of redemptions from EM funds, ever.

History shows that purchase of emerging market assets when public sentiment is this negative is almost always profitable, usually within months.

Istanbul

The Templeton Emerging Markets Fund (EMF) is a good proxy for the whole segment. EMF closed out the week at $18.06 per share. It's trading at a substantial discount to its net asset value (NAV).

We bought 182 shares for the Virtual Value Portfolio @ $18.06 for a total commitment of $3286.92. This amount will come out of our cash reserves.

 EMF  quote

See the full portfolio here. 

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