🗣Hi friends. #An important decision has been made by the SPK regarding the fund market.
🔸Here, the word “liquidation” may be a bit confusing. I’ll explain it briefly and simply.
✅In the SPK’s decision, there are actually two separate matters:
🔸All investment funds established by Tera, Pusula, Hedef, Atlas, A1 Capital, Pardus, and Bulls Portföy and traded on TEFAS have been closed to trading in terms of both buying and selling.
🔸In addition, it was decided that 130 funds whose names are listed one by one in the bulletin will be liquidated using a method determined by the SPK. So the key point is this: for each fund that is closed to trading, there is not an immediate liquidation decision. The funds to be liquidated are listed separately.
✅So what does it mean for a fund to be liquidated?
🔸Liquidation simply refers to the process of ending the fund’s activities. In general, the assets the fund holds are converted into cash during the process; obligations and the required transactions are completed; and the remaining amount is distributed according to the units investors hold.
🔸So, saying that the fund was liquidated = the investor’s money becomes zero is not correct. However, the amount that will reach the investor will be paid out. The value and liquidity of the assets in the fund’s portfolio and what happens during the liquidation process will affect the final payout.
🔸The most critical issue here is the method and the timeline. In the SPK decision, it states that the liquidation will be carried out using a method to be determined by the Board. Therefore, we need to wait for new official announcements about exactly when and through which process the money will be returned to investors.
🗣What do you think about these developments, friends?
🔸Here, the word “liquidation” may be a bit confusing. I’ll explain it briefly and simply.
✅In the SPK’s decision, there are actually two separate matters:
🔸All investment funds established by Tera, Pusula, Hedef, Atlas, A1 Capital, Pardus, and Bulls Portföy and traded on TEFAS have been closed to trading in terms of both buying and selling.
🔸In addition, it was decided that 130 funds whose names are listed one by one in the bulletin will be liquidated using a method determined by the SPK. So the key point is this: for each fund that is closed to trading, there is not an immediate liquidation decision. The funds to be liquidated are listed separately.
✅So what does it mean for a fund to be liquidated?
🔸Liquidation simply refers to the process of ending the fund’s activities. In general, the assets the fund holds are converted into cash during the process; obligations and the required transactions are completed; and the remaining amount is distributed according to the units investors hold.
🔸So, saying that the fund was liquidated = the investor’s money becomes zero is not correct. However, the amount that will reach the investor will be paid out. The value and liquidity of the assets in the fund’s portfolio and what happens during the liquidation process will affect the final payout.
🔸The most critical issue here is the method and the timeline. In the SPK decision, it states that the liquidation will be carried out using a method to be determined by the Board. Therefore, we need to wait for new official announcements about exactly when and through which process the money will be returned to investors.
🗣What do you think about these developments, friends?
