EET News (16th) - Index provider MSCI said on Thursday (15th) that following a crisis in Turkey's fund industry, it is intensifying its scrutiny of Turkey's stock market, freezing certain index adjustments effective immediately, and warning that Turkey's emerging market status could ultimately be lost.
MSCI expressed concerns that some Turkish funds' holdings in smaller listed companies may involve coordinated trading. Although Turkish authorities have taken measures, MSCI stated that investors "still need to see credible and sustained enforcement actions against coordinated trading."
MSCI said that if sufficient improvements are not seen by June 2027, it will consider taking further actions, including launching consultations on whether to reclassify Turkey from "emerging market" to "frontier market" or "standalone market." (yc)
MSCI expressed concerns that some Turkish funds' holdings in smaller listed companies may involve coordinated trading. Although Turkish authorities have taken measures, MSCI stated that investors "still need to see credible and sustained enforcement actions against coordinated trading."
MSCI said that if sufficient improvements are not seen by June 2027, it will consider taking further actions, including launching consultations on whether to reclassify Turkey from "emerging market" to "frontier market" or "standalone market." (yc)
