Garanti BBVA Asset Management provides private fund establishment and management services to individual and institutional investors that prefer to have their assets professionally managed. Garanti BBVA Asset Management aims to design the most suitable products with customized investment solutions and investment strategies created according to the financial targets and expectations of its investors.
Thanks to private fund establishments, strong promotion and effective brand management opportunities are offered to individuals, families and company partners. Through various investment themes and diversified asset structure, investors have the opportunity to access the wide investment universe of Garanti BBVA Asset Management.
Private Funds that are managed by Garanti BBVA Asset Management’s experienced and “subject matter expert” Investment Management Team and professional Portfolio Managers, enable its investors to evaluate their savings in TL or foreign currency as they wish at low costs and without incurring any operational burden.
Following the private fund establishment, active communication is established with fund investors to secure monitoring of the fund portfolio, to provide a quick response on changing investor demands and a solution-oriented approach.
Capital Markets Board of Turkey Foundation Application and Approval Process
~1.5 MonthsHedge (FX) Funds Application Minimum Limit
If you wish to take advantage of our private fund services to assess your savings, you may contact us for your queries and to have more information.
Contact UsHedge (FX) Private Funds can be established on a foreign currency basis with investment strategies created taking into account financial aims and expectations of investors.
A New Alternative for Your Foreign Currency (FX) Based Investments
Customized Portfolio Design
Effective Performance Management
Ease of Access to Foreign and Domestic Markets
Hedge (FX) Private Funds have the opportunity to buy and sell foreign currency (USD or EUR).
Fund can be established in USD (US Dollar) or Euro (European Currency) depending on the preference of the investors.
It is aimed to provide a return on a foreign currency basis by investing at least 80% of the total value of the fund in foreign currency and foreign currency assets and transactions.
At least 80% of the total value of the fund is permanently owned by the T.C. Debt instruments and lease certificates issued in foreign currency by the Ministry of Treasury and Finance and foreign debt instruments (Eurobonds) issued in foreign currency by domestic issuers will be invested in money and capital market instruments.
A maximum of 20% of the portfolio can be invested in domestic/foreign stocks, exchange traded funds, public/private sector debt instruments, gold and other precious metals, and other money and capital market instruments.
Real persons are subject to 10% withholding and legal entities are subject to 0% withholding tax for income and income arising from mutual fund trading. It offers the opportunity to benefit from the withholding tax rate to be applied to the private investment fund compared to the taxes and returns that may occur in case of direct investment in assets.
Hedge Funds can only be accessed by Qualified Investors. Qualified Investors are real and legal persons who own at least TL 1 million in Turkish and/or foreign currency and capital market instruments.
TL Private Funds can be established on TL currency basis with investment strategies created taking into account financial aims and expectations of investors.
A New Alternative for Your TL Investments
Personalized Portfolio Design
Effective Performance Management
Ease of Access to Foreign and Domestic Markets
TL Private Funds; Debt Securities can be set up in Variable, Fund of Funds, Money Market Funds, Hedge Funds or other types of funds available in legislation.
TL Private Funds can be bought and sold in TL currency.
When the Fund is established in the Hedge Fund type, it provides more flexible management and allows all asset classes in its portfolio (domestic/foreign stocks, domestic/foreign public or private sector domestic/external debt instruments, money market instruments, deposits, precious metals, commodities, domestic /foreign investment funds/stock market investment funds, VIOP transactions and other capital market instruments) will be possible.
The fund can invest in foreign currency and capital market instruments, but the value of foreign currency and capital market instruments included in the fund portfolio cannot exceed 80% of the total fund value.
There is zero withholding tax in certain fund types such as Money Market Funds, Debt Instruments Funds, Fund of Funds, if purchases are made until 30.04.2024. Real persons are subject to 10% withholding and legal entities are subject to 0% withholding tax for profits and incomes arising from mutual fund trading. It offers the opportunity to benefit from the withholding tax rate to be applied to the private investment fund compared to the taxes and returns that may occur in case of direct investment in assets.
Hedge Funds can only be accessed by Qualified Investors. Qualified Investors are real and legal persons who own at least TL 1 million in Turkish and/or foreign currency and capital market instruments. All investors have access to other fund types.
Private Fund refers to the establishment and management of a private fund service that is offered to individual or institutional investors for their savings of a certain size.
Private Mutual Funds meet investor’s financial goals and expectations by establishment and management of private fund under the supervision of experienced and professional investment team. Private Funds offer high performance to its investors and access to various assets and different global and local markets.
It can be established in as per TL or foreign currency (USD, Euro).
In line with CMB (Capital Markets Board of Turkey) legislation, it is 600 Mio TL (in FX equivalent).
Following the decision of establishment made, the CMB application is submitted together with the preparation of the necessary documents. This period is approximately 1.5 - 2 months.
Active portfolio management follow-up is provided for the Private Fund, both at the establishment stage and afterwards, together with the investors. Performance reports are made on a regular basis.
©2022 Garanti Portföy Yönetimi A.Ş.
Nisbetiye Mahallesi, Barbaros Bulvarı Çiftçi Towers Kule1/Kat 4 No: 96/253 34340
