Following the crisis in the Turkish fund industry, MSCI is stepping up scrutiny of the Turkish stock market, has frozen some index adjustments, and warned that Turkey's position in the emerging market may eventually be jeopardized. The index provider said in a statement on Thursday that it has frozen some index-related adjustments involving Turkish stocks, and that the measures “take effect immediately until further notice.” MSCI said the move stemmed from concerns that positions held by some funds in smaller listed companies may involve collaborative transactions. MSCI said that if it does not see enough improvement by June 2027, it will consider further measures, including consulting on whether to reclassify the MSCI Turkey Index from an “emerging market” to a “frontier market” or an “independent market.”

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