Live Updates > Live Update Details
2026-09-17 16:48:09
[Turkish Market Regulator to Liquidate Some Funds from Seven Asset Management Companies] ⑴ The Turkish market regulator announced it will liquidate some funds managed by seven asset management companies, including Tera Portfoy and Pusula Portfoy. ⑵ This comes after some funds managed by three asset management companies failed to meet investor redemption requests, triggering a sharp sell-off in the Turkish stock market. The liquidation decision was made against this backdrop. ⑶ Earlier on Thursday, the Turkish Financial Stability Committee stated that the turmoil did not pose a fundamental or structural risk to the country's capital markets and pledged to take measures to alleviate liquidity shortages and prevent the spread of risk.
