El Banco de Italia y Rio de La Plata y las inversiones en el sector financiero

Managing a volume of nearly TL 3.5 billion, active in the fields of asset management and investment consultancy, TEB Asset

Management is the 5th _{largest asset}

management company in the sector. TEB Asset Management’s fundamental objective is to determine the investment vehicle compositions of investment portfolios based on the risk profiles of individual and

corporate clients and to manage those portfolios according to the optimum benefit.

As of December 2013, TEB Asset

Management, as an asset management with a wide delivery channel abroad, commanded the following;

• A 4.88% market share and volume of TL 1.5 billion in the overall mutual fund industry, • A 7% market share in actively managed

mutual funds,

• A volume of TL 167 million in Private Asset Management,

• A volume TL 137 million in Corporate Asset Management Services,

• A 3% market share and a volume of TL 785 million in Pension Funds, and

• A volume of € 400 million in international mutual funds.

TEB Asset Management was chosen as

‘Turkey’s Best Asset Management Company in 2013’, by the World Finance publication

was invited to join and became a member of the 20-20 Investment Association, which comprises of the world’s leading financial players, managing a total of US$8 trillion worth of assets.

Founded in 2000, TEB Asset Management has been providing asset management services since June 2004.

The company also began to offer ‘corporate asset management services’ by the end of 2005. Aiming to manage the assets of foundations, associations, corporations and legal entities, corporate asset management services are offered through TL and FX-based models under three different categories; bonds, absolute income and equities.

Having entered a mutually advantageous collaboration with its partner, BNP Paribas Asset Management – a leading name in the asset management business in the Eurozone – TEB Asset Management has tirelessly moved towards its goal of becoming a global player. Having already begun to see the benefits of this collaboration, TEB Asset Management had already succeeded in establishing strategic cooperation with a number of international corporations. In this context, road-shows conducted in Europe (such as in Italy,

Germany, France and Finland) and in Eastern Asia (including Japan, Singapore and China) for international corporate investors have started to yield positive results.

TEB Asset Management took over the management of the Turkish Equity Mother Fund, which was established in Japan. The fund has grown to reach a volume of about € 310 million, succeeding in becoming the largest equity fund in Turkey to invest in Turkish equities. Moreover, TEB Asset Management took over the management of the Parvest Turkey Fund (€ 90 million), becoming Turkey’s largest asset management company in this category. The company also provides consultancy services to other foreign funds (€ 97 million), which invest in Turkish equities.

Attaching utmost importance to the

development of products with an innovative approach

TEB Asset Management, as part of its innovative culture, founded the BRIC Fund, the Absolute Income Targeting Fund and the Tactical Distribution Fund, assuming a place among the leading asset management companies.

TEB Asset Management, in conjunction with Cardif Pension, the company’s strategic partner in pension funds, released 5 new theme funds under its management. The primary new products which TEB Asset Management offered its investors in 2013 were the TEB Private Sector Bond-Bill Fund,

the TEB Tactical Distribution Fund and the Absolute Income Targeting Fund, as well as 4 new Capital Protected Funds with different themes.

Success for TEB Asset Management in raising its market share in the mutual fund industry in 2013

TEB Asset Management succeeded in

expanding the total volume of assets under its management by 33% in 2013 by correctly anticipating the difficulties arising in the sector and capital markets, diversifying its local products with the right timing, directing investors towards the right products at the right time and entering new strategic collaborations. This growth vastly outperformed the 15% average growth recorded by the sector in the same period. Most of the primary mutual funds managed by TEB Asset Management yielded higher returns than their benchmarks. Likewise, the funds managed by TEB Asset Management – pension funds, and equity weighted funds in particular – command the highest rankings in terms of performance.

A harder year ahead for the capital markets and TEB Asset Management

This spring’s local elections, followed by the presidential election in the summer, and next year’s general election will raise political uncertainty, while the FED’s ongoing efforts to narrow the monetary expansion have given rise to expectations that demand for emerging market assets will decline. These two factors will negatively affect foreign investor demand in the Turkish capital markets.

Even under such challenging international conditions, TEB Asset Management will remain committed to protecting itself and its customers as well as its domestic and foreign shareholders against all possible negative risks arising in markets by carrying out the

following:

• offering new products to investors within the framework of its innovative approach,

• directing investors to the right investment options with the right timing, and

• improving opportunities for cooperation that would raise market share.