Minister Mehmet Şimşek Makes Statement on Fund Liquidation and Earnings Over 10 Million TL

Treasury and Finance Minister Mehmet Şimşek shared the latest status regarding investment funds in the liquidation process and made statements about the payments planned to be made to investors. Stating that transactions have been completed in 66 of the 131 funds taken into liquidation and a total of 40.8 billion liras has been paid to 45,747 accounts, Şimşek emphasized that public resources will not be used in the process.

Treasury and Finance Minister Mehmet Şimşek shared the latest developments regarding the investment funds under liquidation and shared the payment plans directed at investors. In the statement, it was reported that transactions were completed in 66 of the 131 funds taken into liquidation, and a total of 40.8 billion liras was paid to 45,747 accounts. Stating that final liquidation will take time, it was expressed that an interim payment formula was developed to accelerate the process.

It was noted that following the adoption of the liquidation law, payments up to 1 million TL will be made depending on the status of the resources in the funds. While it was emphasized that final payments will be carried out in proportion to the investors' shares in the funds, the underlining point was made that public resources will not be used during the process. It was reported that individuals who generated a return of 10 million TL and above will be contacted in the first stage, and these individuals will be asked to make a payment to the voluntary refund account, otherwise legal action will be initiated.

It was conveyed that transactions at A1 Capital, Pardus, and Bulls portfolio management companies have been completed, and the Capital Markets Board decided to take Hedef Portfoni Yönetim Şirketi (Hedef Portfolio Management Company) funds into the normal liquidation process. It was stated that payments in equity-heavy funds materialized at approximately 58 percent due to price declines, while investors in money market funds obtained an additional return of 1.43 percent compared to their values on September 17.