The recent moves in Turkish market was definitely "Not Normal". The market calmed down significantly. Thus the theoretical fund position is adjusted to changing conditions.
BIST 30 is at the critical support. BIST100 tested critical major low of 1200 level in USD terms.
To summarize; Fund return has been beaten by USD/TRY, EUR/TRY, and GOLD/TRY return since inception due to recent depreciation of Turkish Lira. Below is the readjusted portfolio.
Monthly interest accounts 1 and 3 are closed and allocated to USD (12.556,79 TL fromMIA#3 , EUR (7.855,18 TL from MIA#1) and GOLD (5.000 TL from MIA#1) .
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