A source familiar with the matter revealed that Turkey is considering centralizing the assets of more than 100 funds that were frozen by regulators last week to establish an asset pool. The official said the plan is still in its early stages and may change in the future. Last week, the fund industry crisis triggered a wave of defaults and impacted the market. In this context, the Turkish Capital Market Commission ordered the liquidation of 131 funds. The funds, which were ordered to be liquidated, held more than $18 billion in investments and involved around 350,000 investors.

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