10-02-2017 11:33 via news.yahoo.com

Turkish wealth fund more akin to national development bank - S&P

* Turkey does not fit category of conventional wealth fund nations * Fund regarded as 'quasi-fiscal instrument' * Balance of payments shock is larger risk to public finances (Adds quotes, details) ISTANBUL, Feb 10 (Reuters) - Turkey's new sovereign wealth fund is more akin to a national development bank, with its design suggesting an effort to create a funding vehicle by leveraging up assets, S&P analyst Frank Gill said on Friday. Turkey has transferred government stakes worth billions of do
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