# Turkish capital market fund crisis

> Live situation record from CLSTR: https://clstr.news/situations/turkish-capital-market-fund-crisis
> Updated: 2026-09-28T20:10:59.000Z. Sources: 9. Developments: 2.

Turkey is addressing a crisis within its capital markets involving the liquidation of investment funds. The situation originated from a September 17 decision by the Capital Markets Board to liquidate 131 funds managed by seven portfolio management companies following the detection of “unusual movements” in associated stock prices.

Vice President Cevdet Yılmaz initially characterized the issue as a restricted problem rather than a structural economic failure, noting that the government is utilizing administrative and judicial interventions to resolve it. 

President Recep Tayyip Erdoğan has since affirmed the stability of the national financial system, stating the volatility does not threaten overall market strength. Ongoing investigations aim to hold those responsible for illegal practices accountable. To prevent future instability, the government, including the Ministry of Treasury and Finance, is developing new administrative and legal regulations to protect investor rights and ensure market performance.

## Timeline

### 2026-09-28: Turkey's Erdoğan affirms capital market stability amid fund liquidations

President Erdoğan affirmed the stability of Turkey's capital markets, describing recent investment fund issues as limited and non-threatening to the broader financial system.

7 sources. https://clstr.news/cluster/turkeys-erdoan-affirms-capital-market-stability-amid-fund-liquidations

### 2026-09-22: Cevdet Yılmaz addresses limited fund crisis in Turkish capital markets

Vice President Cevdet Yılmaz stated that a recent fund crisis is limited to a specific area of Turkey's capital markets and is not a structural economic issue, noting that administrative and judicial actions is

2 sources. https://clstr.news/cluster/cevdet-ylmaz-addresses-limited-fund-crisis-in-turkish-capital-markets

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Cite as: Turkish capital market fund crisis. CLSTR, https://clstr.news/situations/turkish-capital-market-fund-crisis