Turkey Shuts Down Funds From 7 Major Firms

📡 Anadolu Ajansı RSS various categories yesterday · 1 min read ·

Part of composite article Turkey Freezes Funds at 7 Firms, Sends 38 to Prosecutors in Stock Market Scandal View full article →

Turkey's financial regulator has ordered the liquidation of investment funds managed by seven portfolio companies. The funds, traded on the TEFAS platform, are now closed to all transactions. The affected companies are Tera, Pusula, Hedef, Atlas, A1, Pardus, and Bulls. A liquidation means the funds will be sold off and the money returned to investors. The regulator has not yet explained the reason for the decision. Investors in these funds should contact their portfolio company for further details.