Turkey Wealth Fund to Help Support Stock Market by Buying ETFs
Posted on 02/27/2023
Turkey Wealth Fund will move cash into the Turkish stock market through buying exchange-traded funds (ETFs). This is a move to prop-up the stock market from keeping Turkish equities from falling. Turkey’s most recent annual inflation rate in January 2023 stood at 57.68%. On February 23, 2023, Central Bank of the Republic of Turkey (CBRT)…
