Turkey Assets Fund to be included in Capital Markets Board (CMB) Communiqué with the "principles communiqué regarding investment funds" which is published on Official Gazette.
In addition, Turkey Assets Fund, the limitations of the fund's portfolio assets and the issuer will be added to exempt institutions. In other words, a step was taken to open the way for the sale of the institutions that created the fund!
The Capital Markets Board (CMB) issued amendments to the Communiqué on mutual funds. With the amendments made, the 20 percent limit on the fund's incorporation of the fund in its portfolio has been removed. Also added to the exempt from the restrictions on corporate assets and the issuer will be taken to Turkey Fund Assets in the fund portfolio.
With the amendment made, adına Trading of participation shares by the founder and/or manager on behalf of the fund is essential. The founder may incorporate the fund's participation shares into its portfolio and may be provided with advance payments by the founder and/or manager before the start of the sale of shares.
Saadet Party General Chairman Temel Karamollaoğlu shared the following from his Twitter account: The fund of assets does not express an asset status. It is a mortgage security fund that is created only to attract loans. They mortgaged the most important treasures of the country under the name of 'Mutual Fund' and now they are selling our future.
All of the treasury shares in Ziraat Bank, BOTAŞ, TPAO, PTT, Borsa İstanbul, Türksat, and the treasury shares owned by Türk Telekom with a rate of 6.68 percent, Eti Maden, ÇAYKUR and THY 49.12 percent stake in Halkbank's share of 51.11 percent, the National Lottery, TCDD, Turkey Maritime Organization, Kayseri's assets, such as a 10% stake in the Sugar Factory.