Turkey closes 17 funds, affects 43,000 investors

Turkey has begun winding down 17 investment funds that were open for trading, with the funds of 43,643 investors being transferred to the relevant banks. This comes as part of the liquidation procedures launched by the Capital Markets Authority in coordination with Ziraat Bank. Payments to investors in these funds, which included a total of 131 funds, started in early October 2026. Meanwhile, the liquidation processes for the remaining funds are still ongoing. These measures aim to address the investment fund crisis in Turkey and ensure that investors recover their money swiftly.

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