Mutual funds grew 134 percent in one year

The sum of funds managed by portfolio management companies (mutual funds, pension funds, individual portfolio management, individual portfolio management) increased by 134 percent in one year and reached 1 trillion 748 billion lira.

According to the statement from the Turkish Capital Markets Association (TSPB), the data revealed that the funds managed by the portfolio management sector have grown rapidly in the past year.

The total amount of portfolio managed by portfolio management companies, which was TL 747 billion at the end of March 2022, increased by 134% in one year and reached TL 1.748 billion at the end of March 2022. anus. In portfolios managed by portfolio management companies, individual portfolio management experienced the fastest annual growth.

While the number of portfolio management companies that obtained operating licenses from the Capital Markets Board (CMB) reached 58 as of the end of March, 56 of them manage mutual funds. The number of mutual funds consisting of stocks, real estate, venture capital, exchange-traded funds and hedge funds managed by 56 portfolio management companies increased to 1,550 as of the first quarter of this year. The number of mutual fund investors increased by 488 thousand in the last year and reached 3.7 million at the end of March.

20 PERCENT GROWTH IN MUTUAL FUNDS IN THE FIRST QUARTER

According to the industry data collected by TSPB from portfolio management companies, the portfolio of mutual funds managed by the portfolio management industry, which was TL 378 billion at the end of March 2022, increased by TL 580 billion TL in one year and reached TL 958 billion. starting at the end of March.

Mutual fund growth in the first quarter of this year was 20 percent. 53 percent of the portfolio size of mutual funds is held by domestic individual investors.

Pension mutual funds have achieved strong growth in the last year, although they are low compared to equity mutual funds.

Pension mutual funds grew about 64 percent in one year. The pension investment fund portfolio, which was TL 277 billion at the end of March 2022, increased to TL 454 billion in the same period this year.

INCREASE IN THE SIZE OF THE INDIVIDUAL PORTFOLIO

The size of the individual portfolio, which was 90.9 billion lira, increased 268 percent in the past year and reached 334.5 billion lira at the end of March.

While the record increase in individual portfolios on a year-over-year basis stemmed from rapid growth in the third and fourth quarters of 2022, TSPB data shows that individual portfolios declined slightly in the first quarter of this year.

As of the first quarter of this year, the portfolio of 14 investment companies is managed by portfolio management companies. The portfolio of investment companies managed by portfolio management companies, which was 940 million lira at the end of March last year, increased by 54 percent in one year to reach 1.446 million lira. (AA)