Asset Management (IAM) is a special service rendered by Garanti Asset Management to corporations. Under this service, the assets of companies are managed in a professional manner in accordance with the benchmarks selected, taking into account their risk options. Garanti Asset Management manages the portfolios created by the instruments of capital market in the capacity of an agent by the authorisation issued to it by the Capital Market Board.
The basic principle is to generate the maximum allowed by the risk level selected.
Garanti asset Management renders the Asset Management (IAM) service for the assets of foundations, associations and other legal entities above 1.000.000 TL..
A Portfolio Management Contract is made with the corporation where all rights and responsibilities of both parties are stated explicitly. Accounts of the corporations with the concerned branch of T. Garanti Bank are managed and controlled in the capacity of an agent. Transactions are fulfilled through an Istanbul Stock Exchange code obtained on behalf of the client. Corporations may obtain any information about them from Institutional Sales Managers handling their accounts in Garanti Asset Management. As the accounts of corporations are followed in the branch, the client may access to the account details through the branch at any time.
Corporations can obtain any information about their portfolio from Garanti Asset Management. Further, the corporations are sent weekly, monthly and periodically performance Evaluation Reports.
Alternative costs of the investments made must be calculated in accordance with the agreed risk level and whether the decisions made are right or not must be confirmed. Benchmarks are needed to evaluate the revenues of investments managed by the portfolio management company and to determine the performance fees that will accrue at each period.
Investment instruments that corporations want to make investment for utilizing their resources constitute the basis of the benchmarking procedure. For offering different options to our clients with different risk profiles, our benchmarks are categorised in 3 headings, i.e. Turkish Lira, Foreign Currency and Stocks.
For portfolios managed in Turkish Lira,
Average of 6-month Term Deposit Rates of 3 Major Private Banks,
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Indices of Institutional Investment Managers Association (KYD Tüm - You can find detailed information about this index at www.kyd.org.tr)
For portfolios managed in Foreign Currency,
Average of 6-month Foreign Currency Deposit Account Rates (USD/EUR) of 3 Major Private Banks
FTSE 5 and 7-Year Term USA / Germany Fixed Revenue Index
For portfolios managed in Stocks,
ISE30 Index
For determining the benchmarks of companies, products in only one single group or a mixed portfolio consisting products from different groups can be selected.
The performance period is 6 months.
In return for the service rendered, two types of brokerage fee is collected:
Portfolio Management Fee is calculated on the portfolio value on daily basis and collected at the end of each month.
A certain rate of the revenue created above the amount determined as the benchmark at the inception of the Portfolio Management period is collected at the end of the performance period as a Performance Fee.
Pricing rates depends on the period and amount that stay in the Portfolio Management.
The revenue obtained by this means cannot be guaranteed pursuant to the Banking and Capital Market Regulations (Serial No. 59). Therefore, no revenue in any certain period in future can be guaranteed. However, revenues obtained in last periods and results of benchmarking procedure with other investment instruments are drawn up in reports.
