SPK Chairman Gönül: Turkey's Transformation Process in Fund Management

SPK Chairman İbrahim Ömer Gönül: Fund Management is Rapidly Evolving

The Chairman of the Capital Markets Board (SPK), İbrahim Ömer Gönül, made significant statements at the 5th Portfolio Management Summit organized by the Association of Institutional Investors in Turkey (TKYD). Gönül emphasized that the fund management sector in Turkey has undergone a remarkable transformation in recent years and that important developments have been achieved during this process.

Fund Size and Investment Instruments in Turkey

Gönül stated that the 87 portfolio management companies in Turkey manage a total fund size of 11.2 trillion TL. The increase in the number and value of investment funds continues to attract the interest of investors and enhance the diversity in the sector. During the summit, it was reported that as of November, there are 1,954 securities investment funds, 441 venture capital investment funds, 390 pension investment funds, 24 real estate investment funds, and 28 exchange-traded funds.

Strengthening the Fund Ecosystem and International Interest

Gönül highlighted that the development of the fund ecosystem provides significant opportunities not only for domestic savers but also for international investors. Turkey has become a center that international investors trust and show interest in. Gönül stated that producing timely and effective solutions to the changing needs of the sector is among the Board's priorities.

Importance of Regulation and Auditing Efforts

Gönül mentioned that the rapid increase in the number of funds managed by portfolio management companies has created new needs, which encompass fund management, reporting processes, and independent audit areas. He noted that funds play a strategic role in the growth of capital markets and in the healthy increase of the number of investors. In this regard, he expressed that macro prudential measures supporting growth will be evaluated in cooperation with the Ministry of Treasury and Finance and other relevant institutions.