WSJ examines investment fund crisis in Türkiye and liquidation of 131 funds

Published 19 Sept, 07:19 Updated 19 Sept, 17:56

This story is from 19 September 2026.

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe 8 Oct, 22:38

The Wall Street Journal analyzed the turmoil that began when certain funds failed to fulfill redemption requests and spread to Borsa Istanbul (BIST); the Capital Markets Board (SPK) initiated the liquidation of 131 funds belonging to 7 portfolio management companies.

The WSJ analysis reported that hundreds of thousands of small investors seeking to protect against high inflation turned to funds and that some funds concentrated in low-liquidity stocks. Treasury and Finance Minister Mehmet Şimşek said the credit and liquidity problems in a limited number of funds do not pose systemic risk. The aim is to complete the liquidations within 3 months.

Fund Investigation News Series

Where it began 16 Sept 2026 Tera Portföy declares default in two funds, payment periods extended in six funds

8 Oct 2026 22:38 İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.
8 Oct 2026 20:40 Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
8 Oct 2026 16:40 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
8 Oct 2026 16:40 YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.
19 Sept 2026 07:19 WSJ examines investment fund crisis in Türkiye and liquidation of 131 funds The Wall Street Journal analyzed the turmoil that began when certain funds failed to fulfill redemption requests and spread to Borsa Istanbul (BIST); the Capital Markets Board (SPK) initiated the liquidation of 131 funds belonging to 7 portfolio management companies.