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A QUANTITATIVE STRATEGY ON MUTUAL FUNDS IN TURKEY

2009-2012 COMPARATIVE CUMULATIVE RETURN PERFORMANCE


500%
450%

400%
350%

Quantitative Equity Mutual Fund ISE-30

Ashmore Equity Mutual Fund 300%


250% 200% 150% 100% 50% 0% EFG Equity Mutual Fund HSBC Bank Equity Mutual Fund TEB Investment Equity Mutual Fund IS Investment Equity Mutual Fund Yapi Kredi Investment Equity Mutual Fund Finans Investment Equity Mutual Fund Garanti Bank Equity Mutual Fund

2009

2010

2011

2012

2009-2012 COMPARATIVE ANNUAL RETURN PERFORMANCE


160.00%

140.00%
120.00% 100.00% Quantitative Equity Mutual Fund ISE-30 Ashmore Equity Mutual Fund

80.00%
60.00% 40.00%

EFG Equity Mutual Fund


HSBC Bank Equity Mutual Fund TEB Investment Equity Mutual Fund IS Investment Equity Mutual Fund

20.00%
0.00% 2009 -20.00% 2010 2011 2012

Yapi Kredi Investment Equity Mutual Fund


Finans Investment Equity Mutual Fund Garanti Bank Equity Mutual Fund

-40.00%

Annual returns of funds for each year is given by www.fonanalist.com. Tolgahan Yilmaz |2012| tolgahan.yilmaz@edhec.com

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