FTSE Russell keeps Turkey in advanced emerging market status, off watch list

The decision removes an immediate index-reclassification risk, which matters most to passive and benchmark-tracking exposure to Turkish equities, where classification changes can shift flows independent of fundamentals. Turkey staying off the watch list signals that FTSE Russell sees the implemented measures as sufficient for now, though the absence of a review timeline leaves the question of future reassessment open. Whether the market's structural issues improve enough to keep that status stable is the thing to watch.