Another Shock to the Markets: Atlas Portfolio Has Postponed Payments to 5 Days After Request.
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The Istanbul Stock Exchange has been experiencing significant turmoil in recent days. Fund decisions, events at Pusula Portfolio, intense selling pressure... and now Atlas Portfolio has announced it has extended exit payments for its investment funds to five business days after the request.
While liquidity and cash flow problems persist in the markets for mutual funds, Atlas Portfolio, following Pusula Portfolio, has also made changes to the payment and pricing rules in its Free Fund. The company announced to the Public Disclosure Platform (KAP) that the payment period for fund exit requests has been extended from 2 business days to 5 business days.
The share value calculation and redemption process for Atlas Portfolio Free Fund has changed. With the new system, the fund's unit share value will be calculated monthly, and sales prices will be paid on the 5th business day following the valuation date.
Şebnem Turhan Following Pusula Portfolio's announcement of defaults for its investment funds the previous day, Atlas Portfolio also announced yesterday that it would not be paying exit fees for its investment funds...
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