Turkish President Recep Tayyip Erdoğan has affirmed the resilience of Türkiye’s capital markets despite recent issues in the investment fund sector. Speaking after a Cabinet meeting in Ankara, Erdoğan addressed concerns about suspected share-price manipulation that led to losses and increased redemption pressure on some investment funds. He assured that these issues were confined to a specific segment of the market and did not pose a broader threat to the financial system.
Erdoğan emphasized that the government is actively managing the liquidation of the affected funds and is implementing measures to ensure financial stability and protect investors. He also committed to taking necessary legal action against those responsible for destabilizing market activities. The authorities are conducting investigations into the alleged manipulation involving several thinly traded stocks, which prompted this situation.
Treasury and Finance Minister Mehmet Şimşek has stated that legal proceedings against the individuals involved in these activities are ongoing. He reiterated that the government remains dedicated to maintaining financial stability, with robust measures in place to address the current challenges.
In light of these developments, Erdoğan announced plans to convene with economic officials and relevant institutions to assess the situation further and discuss additional measures that may be necessary to stabilize the fund market. The focus remains on preventing similar issues in the future and ensuring the robustness of Türkiye’s financial landscape.