Institution 3 stories

TEFAS

Platform where investment funds are bought and sold

TEFAS is an electronic fund distribution platform in Türkiye through which investment funds are bought and sold.

Mentions over time

17 Sept 19 Sept

The numbers

Day	Mentions over time
17 Sept	1 story
18 Sept	1 story
19 Sept	1 story

Appears with

Latest 3 stories

Bakan Şimşek'ten 'fon krizi' açıklaması: Yapısal bir sorun yok — Photo: Artı Gerçek

Economy World press 25 sources 19 Sept, 07:19

Capital Markets Board begins liquidation of 131 investment funds, Şimşek says "no systemic risk"

The Capital Markets Board (SPK) began liquidating 131 funds under a 17 September decision and appointed İş Bankası and Ziraat Bankası as custodians; the process will be completed within three months at most. Minister Şimşek said the problem stemmed from credit and liquidity issues in a limited number of funds.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Capital Markets Board (SPK) Mehmet Şimşek Türkiye İş Bankası Ziraat Bankası TEFAS Financial Stability Committee

SPK 131 fonun tasfiye yöntemini açıkladı: Tera fonları İş Bankası’na, diğer altı şirketin fonları Ziraat’e - Serbestiyet — Photo: Serbestiyet

Economy World press 41 sources 19 Sept, 05:05

Capital Markets Board (SPK) assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

Assets of 130 funds belonging to seven portfolio management companies will be converted to cash, with the process to be completed within three months at most. Treasury and Finance Minister Mehmet Şimşek said, "There is no structural problem in the stock market or the fund market."

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

+10

Where reports differ

State media According to a statement reported by TRT Haber, Şimşek said the problem was limited to a small number of free funds stemming from credit and liquidity issues, that 131 out of 2,038 funds were affected, and that there was no systemic risk.

Opposition press Artı Gerçek wrote that the funds subject to the liquidation decision belong to approximately 550,000 investors and have a total size calculated at around $17 billion (826 billion lira).

Capital Markets Board (SPK) Mehmet Şimşek İş Bankası Ziraat Bankası Tera Portföy Yönetimi TEFAS

SPK’dan fon piyasasına sert müdahale: 7 şirketin TEFAS işlemleri durduruldu, 130 fon tasfiye edilecek — Photo: Karar

Economy 29 sources 2 updates 17 Sept, 12:26

Capital Markets Board halts trading of 7 portfolio companies' funds on TEFAS

The Capital Markets Board (SPK) suspended buying and selling of funds managed by Tera, Pusula, Hedef, Atlas, A1, Pardus and Bulls Portföy on TEFAS; according to ForInvest data, a liquidation decision was taken for 130 funds, and the equity ratio for margin trading was lowered to 20%.

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Capital Markets Board (SPK) Borsa Istanbul (BIST) Tera Portföy Yönetimi Pusula Portföy Yönetimi TEFAS

Süper Lig Week 6

#		P	GD	Pts
1	Galatasaray	6	+3	13
2	Beşiktaş	5	+8	12
3	Kocaelispor	6	+3	12
4	Alanyaspor	6	+2	11
5	Trabzonspor	6	+8	10
6	Amedspor	5	+7	10
7	Kasımpaşa	6	+2	10
8	Çaykur Rizespor	5	+1	9
9	Gaziantep FK	6	0	8
10	Fenerbahçe	5	+2	7
11	Çorum FK	6	+1	7
12	Başakşehir	6	-1	7
13	Gençlerbirliği	6	-8	7
14	Konyaspor	6	-4	4
15	Samsunspor	5	-5	4
16	Erzurumspor	5	-9	4
17	Eyüpspor	5	-6	3
18	Göztepe	5	-4	2