Rota Portföy/Gökşen: The worst of the fund crisis may not be over

Rota Portföy Chief Economist Özlem Bayraktar Gökşen cautioned that the worst of Turkey's fund-market turmoil may not yet be over, warning that investor confidence and companies' access to financing remain fragile. Her assessment follows a period of sharp volatility in Turkish funds that has unsettled retail investors and raised questions about liquidity across the asset-management industry. Gökşen flagged lingering risks to the real economy, suggesting the stress in financial markets could still feed through to corporate funding conditions. The commentary matters because it pushes back against hopes that the recent selloff marked a clean bottom, keeping attention on fund flows and redemption pressure. Investors will watch upcoming fund flow data and corporate borrowing costs for signs of whether confidence is genuinely recovering.