Turkey’s Wealth Fund Bought Blue-Chip Stocks to Stem Market Rout

Turkey’s sovereign wealth fund bought stocks on Thursday to prop up the nation’s equity market, according to people with knowledge of the matter, the latest move to contain fallout from...

By Kerim Karakaya and Beril Akman · Bloomberg Markets

Turkey’s sovereign wealth fund bought stocks on Thursday to prop up the nation’s equity market, according to people with knowledge of the matter, the latest move to contain fallout from a crash in the country’s fund management industry.