Performance Evaluation of Turkish Pension Mutual Funds

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Author	NidaT�reg�n, Can Tansel Kaya
ISSN	2307-2466
On Pages	22-27
Volume No.	3
Issue No.	1
Issue Date	February 01, 2020
Publishing Date	February 01, 2020
Keywords	Earnings, Profitability, Pension Mutual Funds, Sharpe Ratio, Evaluation Measures

Abstract

Private pension funds are one of the most profitable investment tools. They are designed to earn profit for a number of different groups ranging from investors to intermediary institutions. Research has shown that pension funds provide investment opportunities in both developed and developing countries. Since 2003, private pension system has been officially introduced in Turkey as pension companies have begun presenting their pension products to participants. Aim of this paper is to value the performance levels of pension funds in Turkey. 20 companies are selected, which are all listed at Borsa Istanbul (formerly known as Istanbul Stock Exchange) based on their performances between 2012 and 2013. These 20 selected companies are the highest asset sized entities within their industry listed at Borsa Istanbul. Evaluation of the funds� performances in the study has been concluded by employing Sharpe ratio.

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