The Fund Crisis Also Devastated the Stock Market: 50,000 Investors Lost Their Portfolios.
9 Articles
9 Articles
The fund crisis in September led to sharp losses in investment funds and the stock market. According to MKK data, the total portfolio of investment funds shrank by 1.2 trillion lira, while the number of investors who zeroed out their stock portfolios exceeded 50,000 in a single month.
The fund crisis, which caused sharp losses on the Istanbul Stock Exchange in September, continues to be one of Turkey's main agenda items, with its collapse that began with artificial price movements in low-volume stocks, as well as hundreds of thousands of victimized investors, successive purges, arrests, and resignations. The turning points and significant developments in the process from the initial market shock to today: Regulation and Liqui…
The fund scandal shook the stock market. The number of investors who lost all their accounts in the stock market exceeded 50,000 in a single month.
The fund scam led to a sharp contraction in both investment funds and the stock market. According to MKK data, the total portfolio size of investment funds decreased by 1 trillion 172 billion TL in one month, falling to 9.26 trillion TL, while stock portfolios declined by 2 trillion 173 billion TL, dropping to 7.34 trillion TL. While the number of accounts with portfolios between 0-1 TL increased by 50,234, the sharpest decline was seen in large…
Investors opted for escape in the mutual fund crisis. According to the data of the Central Registry, the number of investors emptying their accounts in funds increased by 1,133 and in stocks by 50,234 people.
The investment fund crisis that erupted in the capital markets in September virtually paralyzed both the fund and stock markets. According to data from the Central Securities Depository (MKK), the total size of investment funds shrank by 1.2 trillion lira in a single month, while on the stock exchange, sharp sell-offs caused more than 50,000 investors to completely wipe out their stock portfolios.
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