Wealth fund activity discussions: A review on Turkey

Turkey Wealth Fund Management Joint Stock Company was officially established by the Turkish Grand National Assembly on August 26, 2016 with the approval of the Turkish Wealth Fund draft law, and the subject of national wealth fund entered our lives in economic terms. On February 6, 2017, a number of large-scale public institutions and treasury lands were transferred to this fund by decree. These large-scale changes had a wide impact and were asked by the public, "What is a wealth fund?" question has been asked. In this study, the effectiveness of the Turkey Wealth Fund was investigated by examining the financial statements of the institutions in its portfolio before and after the transfer to the fund. As a result of this study, it has been concluded that both the majority of the institutions transferred to the Turkey Wealth Fund and the Turkey Wealth Fund, as a roof, are not financially efficient, and that some transferred institutions are more backward than they were before transferred.