FTSE Russell observes Turkey fund liquidation
Turkey has announced the liquidation of 131 investment funds with a total value of $18.3 billion, managed by seven portfolio management companies, following orders from the Turkish Capital Markets Board. The FTSE Russell company is monitoring the impact of this move on Turkey's classification, with an update to the country rankings scheduled for October 6th. Reports indicate that there are difficulties reconciling official free trading figures with market valuations, which could potentially influence changes in Turkish market indices.
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