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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Tennessee Consolidated Retirement System (TCRS), which manages a retirement plan for public employees statewide, was the largest institutional shareholder in the U.S.-based iShares MSCI Turkey ETF (TUR.O), according to Thomson Reuters data based on public filings as of June 30, with more than with 880,000 shares valued at around $19 million as of Friday’s value.
The Turkey ETF has lost around half its value for the year to date, hit by worries about Turkish President Tayyip Erdogan's influence over monetary policy and a worsening diplomatic rift with the United States. The lira TRYUSD=R is down more than 37 percent this year and the country's BIST 100 stock index .XU100 is down around 22 percent.
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