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Turkish asset management firm to launch property funds

Posted on 31 March 2011

Ak Asset Management, a subsidiary of local lender Akbank, is preparing to launch four new capital protected property funds linked to food, gold and oil index prices for investors next month.

“The capital protected property funds has started to gain a larger share in the portion of the Turkey’s total asset management,” said Dr. Alp Keler, the general manager Ak Asset, during a Tuesday meeting in Istanbul. The share of the protected funds has increased sevenfold in the last two years and now covers some 10 percent of all funds offered by Ak Asset, he said………………………………………Full Article: Source


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