Turkisfund (SICAV)

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Is Asset Management is the asset manager of Turkisfund (SICAV - Société d'Investissement a Capital Variable-Open-Ended Collective Investment Company) funds. Turkisfund, structured within the framework of European Union directives as an open-ended company.

With a track record of 13 years, Turkisfund (SICAV) offers a significant opportunity, for foreign investors by virtue of being the first mutual fund in Europe to invest only in the Turkish capital markets, with its shares denominated in Euros.

Turkisfund ranks at top in the performance assessments of rating companies. Turkisfund (SICAV) mutual funds are recognized by international capital markets as ranking among those that generate the highest returns. Because of their solid structures and advantages, the shares in these funds have acquired strategic importance for many investors.

Turkisfund (SICAV) mutual funds comply with UCITS III. Directives, the final adaptation of the European Union’s (EU) fund legislation, with a circulation right in all member countries.

Turkisfund has an office in Luxemburg, enabling it to reach European investors more easily through its sales and marketing services. Turkisfund’s (SICAV) funds are offered for sale in Luxemburg, Germany, the UK and the Netherlands.

TURKISFUND UMBRELLA FUNDS

Investment Strategies

Turkisfund Equities :

The strategy of Turkisfund Equities is mainly to invest in equities issued by Turkish issuers as well as equities expressed in Turkish Lira. The fund targets to provide significant level of income on a long-term basis and employs  growth focused strategies that may offer higher potential income. High-yield bonds may  account for a significant percentage of the fund depending on market conditions.

Turkisfund Bonds

Turkisfund Bonds invests primarily in fixed-income instruments issued by the Turkish Treasury, other Turkish public authorities and Turkish companies. Additionally, for yield enhancement purposes, the fund invests in a broadly diversified portfolio of common stocks. The fund seeks to provide investors long-term capital growth.

Turkisfund Eurobonds

Turkisfund Eurobonds invests primarily in EUR-denominated Eurobonds issued by the Republic of Turkey. Furthermore the Fund may invest in Eurobonds and global bonds issued by member states of the European Union (a “Member State”), its local authorities, by another eligible state or by public international bodies of which one or more Member States are members.

What is UCITS?
In 1985, the European Union published a directive that laid out the rules governing the formation and operation of collective investment schemes such as mutual funds and unit trusts. Collective investments that satisfy the conditions set forth in the directive are referred to as “undertakings for collective investment in transferable securities” or (UCITS) in EU parlance. The term UCITS is used to refer to collective investment schemes that comply with the requirements of the directive.

An UCITS in effect holds an EU passport that enables its shares to be sold to investors in any EU country. Collective investment schemes that do not satisfy the requirements of the directive on the other hand are referred to as “non-UCITS”. The shares in such funds for the most part can only be sold within the country in which they are incorporated.

The UCITS directive has three basic objectives:

• Make it easier to offer fund shares to investors in other countries
• Create a harmonized legal framework and single market for transferable securities across the EU
• Safeguard the rights of investors.