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Turkey: Amount managed by portfolio management companies grew by 80% and reached ₺653.1 billion

50 COMPANIES OPERATE

As of the end of 2021, 50 portfolio management companies operate in Turkey. While the number of funds managed by portfolio management companies increased by 323 last year, the number of mutual funds consisting of securities, real estate, venture capital, stock market and hedge funds in the sector increased to 982. With the effect of the new funds established in 2021, the fastest growth among the total portfolio managed by the portfolio management sector was experienced in mutual funds.

FUNDS DOUBLED

The total size of mutual funds, which was ₺151.8 billion at the end of 2020, increased by 115% and reached ₺325.9 billion. Hedge funds were mainly effective in the growth in mutual funds. According to Central Registry Agency data, the number of mutual fund investors increased by 105 thousand people compared to the end of 2020 and approached 3.2 million by the end of 2021. 65% of the mutual fund portfolio size is in the hands of domestic individual investors. The size of pension mutual funds increased by 43% and reached ₺243.8 billion at the end of 2021.

Source: Sabah / Translated by Irem Yildiz

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