Bulls Portföy transfers liquidating fund assets to Ziraat Bankası

Bulls Portföy has announced the transfer of assets from its funds undergoing liquidation to Ziraat Bankası. This move follows a decision by the Capital Markets Board (SPK) to facilitate the liquidation process.

Ziraat Bankası will manage the conversion of these fund assets into cash. The liquidation process will follow a specific order established by the regulator, beginning with money market funds and proceeding from funds with the highest number of investors to those with the lowest.

Regarding funds that are currently closed to trading on TEFAS and other distribution channels, Bulls Portföy anticipates they may be reopened simultaneously across all channels once liquidation procedures are complete. The company will determine the specific reopening dates and trading terms based on fund structure, liquidity, market conditions, and investor interests. Additionally, some funds not subject to liquidation but currently closed to trading may be reopened before the full liquidation process is finalized if deemed necessary.