BlackRock Slashes Turkiye Investments by 95% Amid Inflation Fears and Market Turmoil
6 Articles
6 Articles
BlackRock's weighting in Turkish assets declined significantly in the first half of the year. The fund reduced its positions in some previously held Turkish companies, while highlighting the impact of high energy prices on Turkey's inflation and macroeconomic outlook.
BlackRock Frontiers Investment Trust, which had increased its investments in Turkey to 11% of its net assets at the beginning of the year, reduced its Türkiye position to 0.5% due to concerns that rising oil prices and the war in the Middle East could negatively impact the disinflation process.
Türkiye's share in the investment fund managed by US-based BlackRock has fallen from 11 percent to 0.6 percent. Fund managers, who sold their shares in Akbank and İş Bankası, pointed to the impact of the war between the US, Israel, and Iran on the Turkish economy.
BlackRock CEO Larry Fink, based in the US, held a closed-door meeting with President Tayyip Erdoğan in Istanbul at the end of March, but the company's adventure in Turkey, which manages $15 trillion in assets, was short-lived. Turkey's weighting in BlackRock's 'Frontiers Investment Trust' fund decreased from 11% to 0.5%, and the company removed some Turkish stocks from its portfolio. LIQUIDATED COMPLETELY BlackRock's fund, a few months ago […] T…
BlackRock's Frontiers fund reduced its weighting in Turkey from 11% to 0.5%. The war with Iran and oil prices were influential in the exit from Turkish stocks. The article "BlackRock Exits Turkey: The Giant Fund That Accumulated Shares at the Beginning of the Year Zeros Out Its Investments in the Istanbul Stock Exchange" was first published on Serbestiyet.
BlackRock Slashes Turkiye Investments by 95% Amid Inflation Fears and Market Turmoil
At the start of 2026, Türkiye was exactly the kind of turnaround story BlackRock wanted to own: inflation was slowing, interest rates were coming down, and Turkish banks looked cheap compared with their global peers, giving foreign investors a reason to reconsider a market they had largely shunned for years. BlackRock’s Frontiers Investment Trust was …
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