Turkish President Recep Tayyip Erdoğan assured that Türkiye’s capital markets remain resilient despite recent issues in the investment fund sector. During a Cabinet meeting in Ankara, Erdoğan emphasized that the problems were confined to a specific segment of the fund market and did not pose a systemic risk to the country’s financial system.
Erdoğan outlined the government’s proactive steps to maintain financial stability by managing the liquidation of affected funds. He highlighted ongoing efforts to implement measures that would prevent similar issues from occurring in the future. Additionally, he pledged that necessary legal actions would be taken against those responsible for destabilizing market activities.
Earlier this month, Turkish authorities began investigations into suspected share-price manipulation involving several low-liquidity stocks. These developments led to losses and increased redemption demands on certain investment funds. Treasury and Finance Minister Mehmet Şimşek confirmed that legal proceedings are underway for those involved, and measures to uphold financial stability will continue.
In response to the situation, Erdoğan is set to meet with economic officials and relevant institutions to further assess the fund market and discuss additional protective measures. This ongoing review reflects the government’s commitment to safeguarding investor confidence and ensuring the robustness of Türkiye’s financial markets.