HDI FİBA Emeklilik ve Hayat A.Ş. Public External Debt Instruments Group Pension Investment Fund - BKB - BKB
Fund Investment Purpose/Strategy
A minimum of 80% of the fund portfolio always consists of foreign debt instruments issued abroad by the public sector. The fund's investment strategy is mainly based on earning interest income by investing in foreign debt instruments issued abroad by the Undersecretariat of Treasury of the Republic of Türkiye. The fund aims to earn interest income and capital gain in foreign currency with eurobond investment.
The main purpose of the fund's investment strategy is to benefit from the high returns of foreign debt instruments issued by the Undersecretariat of Treasury of the Republic of Türkiye and issuers from the private sector.
Periodic coupon payments of foreign debt instruments are expected to provide a stable source of income to the fund in order to meet possible cash outflows.
Future interest projections, spread analyses, risk/return assessments, and key factors such as duration and convexity are taken into consideration while making investment decisions. An effort is made to make an extra contribution to the fund by evaluating the anomalies in the market, investments that may offer additional income opportunities, and potential trading opportunities. By dynamically managing the portfolio maturity and asset distribution, based on interest rate forecasts, profit from the foreign currency returns on the market is tried to be maximized.
The fund may invest in foreign currency and capital market instruments.
Founder / Manager Details
| Founder’s Trade Name | HDI FİBA EMEKLİLİK VE HAYAT A.Ş. |
| Portfolio Manager’s Trade Name | OYAK Asset Management |
Shareholding Structure of the Founder
| SHAREHOLDER | VALUE OF SHARES | NUMBER OF SHARES | SHARE PERCENTAGE |
|---|---|---|---|
| FİBA Holding A.Ş. | TL 18,850,000 | 94.25% | |
| Other | TL 1,150,000 | 5.75% | |
| Total | TL 20,000,000 | 100% |
Benchmarking Criteria
| Fund Code | Benchmarking Criteria |
|---|---|
| BKB | 60% BIST-KYD (Turkish Institutional Investment Managers’ Association) Public Eurobond USD (TRY) Index 25% BIST-KYD Public Eurobond EUR (TRY) Index 10% BIST-KYD Repo (Gross) Index 5% BIST-KYD 1-Month Deposit USD Index |
Rates of Fund Management Fees and Entry / Exit Commissions
| Annual Rate of Fund Management Fee | 1% |
| Entry-Exit Commissions | No commission is charged when entering or exiting this fund. |
Trading Information
| Minimum Number of Shares to be Purchased | 0.001 |
