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Yapı Kredi Asset Management Annual Report 2012
16
Dear Shareholders,
When we analyse Turkish mutual funds market progress as of end of 2012
from the window of reccessionic appearence of 2011, we could evaluate
the process more closely in every respect. By the end of December 2012,
the mutual funds market size increased by 1% to TL 30,2 billion. Also B
type funds constituted 94.6% of the market, whereas A types 5.2%.
At money market and short-term bonds&bills, funds’ share was decreased
to 71.9% at the end of 2012 from 73.7% as of 2011 year-end in total
market.
Finally, it is being shown there is a bit rising about the share of B type funds
excluding money market funds and short-term bonds&bills funds in total
mutual funds market increased to 22.6% from 21.2% as of 2011 year end.
In total mutual funds market, the share of A type funds increased to 5.2%
from 4.8% as of 2011 year end.
By the end of December 2012, Yapı Kredi Asset Management manages 40
mutual funds founded by Yapı ve Kredi Bankası A.Ş. and Yapı Kredi Yatırım
Menkul Değerler A.Ş., discretionary portfolios for individuals and corporate
clients, and 16 pension funds founded by Yapı Kredi Emeklilik, as well as
provides portfolio advisory. As of the end of 2012, the Company ranked
2nd among 56 asset manager companies in the mutual funds market
with a share of 17.6%. The Company ranked 3rd rank in the pension funds
market as well.
Yapı Kredi Asset Management is one of the leading asset managers
in Turkey, administering a wide range of products in various asset
classes. With a solid track record in investment management, business
performance and efficient CRM and sales management services, Yapı Kredi
Asset Management aims to become the indispensable business partner of
its clients, establishing a consistent foundation of long-term values.
Our team manages portfolios on a collaborative basis, with a dedicated
team composed of professionals and specialists in each asset class.
Applying proprietary research and analysis gathered from global resources,
benchmark awareness and risk management, the Company serves its
clients within the guideline and objectives of each portfolio.
Assets which are under our management, including mutual funds, pension
funds, hedge funds and discretionary portfolios, amounted to USD 5.4
billion as of 31 December 2012. 40 mutual funds and 16 pension funds
constitute the wide range of investment management products further
enhanced by best-of-breed discretionary portfolios currently under
management. As of 2012, 6 capital guaranteed funds and 8 mutual funds
were launched for Yapı Kredi Bank clients.
Fitch Ratings affirmed Yapı Kredi Asset Management’s “National Asset
Manager” rating at M2+ (Tur) as of March 2012. As well as this success, we
are working on integrating to Luxembourg SICAV structure. This is very
important point for YKAM which provides an expanded vision for us on
international markets.
As Yapı Kredi Asset Management, we always strive to provide strength
in investment management, checking ourselves with proven internal
control systems, reinforce our robust technological resources. We know
that we have to mind for better service quality to well-established client
management services and sales support functions. We believe that we
develop these points with every passing time by using our advantages
such as our wide product range, advanced product management expertise
and consistent and solid track record in performance.
I would like to end my message by expressing my thankfulness to loyal and
expert employees of Yapı Kredi Asset Management for their valuable efforts
for contributing to continuously successful performance of our Company
although some unclear global economic affairs. In addition to this factor,
I would like to thank our clients too who always motivate us with their
permanent trust.
Yours sincerely,
Chairman’s Message
As of the end of 2012, the Company ranked 2nd among 56 asset manager companies in themutual
funds market with a share of 17.6%. The Company ranked 3rd rank in the pension funds market as well.
Faik Açıkalın
Chairman
17.6
%
mutual funds market share
of Yapı Kredi
Asset Management
USD
5.4
billion
assets under management
as of 31 December 2012