Turkey’s Sovereign Fund Allots at Least $1 Billion to Boost Stock-Market Heavyweights

Nation’s sovereign wealth fund to buy exchange-traded funds
Support for equities stepped up after Feb. 6 earthquakes

Information at the Borsa Istanbul SA stock exchange in Istanbul.
Photographer: Ismail Ferdous/Bloomberg

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By Kerim Karakaya and Cagan Koc

February 27, 2023 at 9:20 AM UTC

Updated on

February 27, 2023 at 4:35 PM UTC

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Turkey’s sovereign wealth fund will channel cash into the nation’s main stock exchange via exchange-traded funds, in an open-ended attempt to keep the equities market from falling.