Is the Danger over in the Fund Crisis? US Bank Publishes Critical Report - Sözcü Newspaper
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5 Articles
As the Turkish capital market is thrown into turmoil by the fund crisis, questions are being raised about how this shock might affect other instruments. Banking giant Morgan Stanley has offered its assessment of the impact of this situation on other markets and how long it is expected to last.
US investment bank Morgan Stanley claimed that there has been no general deterioration in the markets and that funding conditions remain healthy following the Securities and Exchange Commission's measures against seven asset management companies.
While concerns persist about whether the fund crisis shaking Turkish capital markets will spread to other investment instruments, a new analysis has come from the US banking giant Morgan Stanley. The latest report states that despite the turmoil in the fund market, the impact of the crisis on overall markets has remained limited.
Economy - While the measures taken by the Capital Markets Board (SPK) following the liquidation decisions of 130 funds belonging to 7 portfolio companies remain on the agenda, a noteworthy assessment regarding the Turkish markets has come from the world-renowned bank Morgan Stanley.
Morgan Stanley said there had been no sign of a broad deterioration in Turkish financial markets following SPK's measures against seven portfolio management companies. The institution reported that funding conditions and investor positioning remained generally healthy, while recent pressure appeared to be limited to specific funds rather than a general shift in sentiment towards Turkey.
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