Transfer And Conversion Of The Funds To Finans Asset Management

Transfer And Conversion Of The Funds To Finans Asset Management

Informing on Transfer and Conversion of the Funds that Finansbank and Finansinvest Are the Founders to Finans Asset Management.

As a result of the application made for founder transfer of 14 mutual funds, of which Finansbank and FinansInvest are the founders, within scope of the legal regulations; transfer of 12 funds in total is allowed by Capital Market Board. Titles of all the funds will be changed primarily with the transfer. Investment strategy, benchmarking criteria and management fees of some funds will also be changed. The table containing the amendments is given below.

Former Short Name Former Title New Title Former Management Fee New Management Fee Transition Date
BOND QNB Finansbank A.Ş Type B Bill and Bond Fund Finans Asset Management Debt Instruments Fund 2.01% 1.80% 26.10.2015
ACTIVE QNB Finansbank A.Ş Type B Variable Fund 2.01% 1.80% 26.10.2015
DOCTORS QNB Finansbank A.Ş Doctors Type B Bill and Bond Special Fund Finans Asset Management Doctors Debt Instruments Special Fund 1.97% 1.97% 5.10.2015
SHORT TERM Finans Yatırım Menkul Değerler A.Ş Type B Short Term Bill and Bond Fund Finans Asset Management Short Term Debt Instruments Fund 1.73% 1.73% 5.10.2015
PRESTIGE QNB Finansbank A.Ş Long Term Type B Variable Fund Finans Asset Management Eurobond Debt Instruments Fund 1.83% 0.75% 26.10.2015
PRIVATE SECTOR Finans Yatırım Menkul Değerler A.Ş Private Sector and Public FIS (Fixed Income Securities) Type B Variable Fund Finans Asset Management Private Sector Debt Instruments Fund 1.10% 1.10% 5.10.2015
PRIVATE QNB Finansbank A.Ş Private Banking Type B Variable Fund Finans Asset Management First Variable Fund 2.01% 2.01% 5.10.2015
XCLUSIVE QNB Finansbank A.Ş Xclusive Type B Variable Fund Finans Asset Management Second Variable Fund 2.56% 2.10% 5.10.2015
REFLEX QNB Finansbank A.Ş Reflex Type B Variable Fund Finans Asset Management Variable Fund Oriented at Absolute Return 2.56% 2.10% 5.10.2015
SECURITY Finans Yatırım Menkul Değerler A.Ş Type A Variable Fund (Fund with Intense Equity) Finans Asset Management First Equity Fund (Fund with Intense Equity) 2.74% 2.74% 5.10.2015
EQUITY QNB Finansbank A.Ş Type A Equity Fund (Fund with Intense Equity) Finans Asset Management Second Equity Fund (Fund with Intense Equity) 2.74% 2.74% 26.10.2015
AGGRESSIVE QNB Finansbank A.Ş Type A Variable Fund (Fund with Intense Equity) 2.74% 2.74% 26.10.2015
LIQUID QNB Finansbank A.Ş Type B Liquid Fund Finans Asset Management Money Market Fund 1.10% 1.10% 5.10.2015
HEDGE Finans Invest  Hedge Fund Finans Asset Management First Hedge Fund 1.50% 0.75% 5.10.2015
  • Finansbank Type B Variable Fund (Active) will be associated with Finansbank Type B Bill and Bond Fund (Bond) and traded with the title of Finans Asset Management Debt Instruments Fund as of 26 October 2015. New purchase will not be made until 26 October 2015 in the Bond Fund but sales transactions can be carried out. New purchase will not be made until 26 October 2015 in the Active Fund but sales transactions can be carried out until 21 October 2015.
  • Finansbank Type A Variable Fund (Aggressive) will be associated with Finansbank Type A Equity Fund (Equity) and traded with the title of Finans Asset Management Second Equity Fund as of 26 October 2015. New purchase will not be made until 26 October 2015 in the Equity Fund but sales transactions can be carried out. New purchase will not be made until 26 October 2015 in the Aggressive Fund but sales transactions can be carried out until 21 October 2015.
  • QNB Finansbank A.Ş. Long Term Type B Variable Fund (Prestige) will be converted into Finans Asset Management Eurobond Debt Instruments Fund with the amendments in management fee, fund content and management strategy in 26 October 2015. New purchase will not be made until 26 October in this fund but sales transactions can be carried out.
  • QNB Finansbank A.Ş. Private Banking Type B Fund (Private) will continue to be traded with the title of Finans Asset Management First Variable Fund with the amendments in fund content and management strategy as of 5 October 2015.
  • QNB Finansbank A.Ş. Xclusive Type B Fund (Xclusive) will continue to be traded with the title of Finans Asset Management Second Variable Fund with the amendments in management fee, fund content and management strategy as of 5 October 2015.
  • Due to a technical arrangement required to be performed as per regulation concerning fund transfers; QNB Finansbank A.Ş Type B Liquid Fund (Liquid) and Finans Invest Type B Short Term Bill and Bond Fund (Short Term) will be closed for trading between 13:30 - 20:00 on 5 October 2015. Trading transactions can be carried out apart from the aforementioned hours.
  • QNB Finansbank A.Ş. Reflex Type B Variable Fund will be traded with the title of Finans Asset Management Variable Fund Oriented at Absolute Return with the amendments in management fee, fund content and management strategy in 5 October 2015.
  • Finans Invest Private Sector and Public FIS Type B Variable Fund will be traded with the title of Finans Asset Management Private Sector Debt Instruments Fund as of 5 October.
  • QNB Finansbank A.Ş Doctors Type Bill and Bond Special Fund will be traded with the title of Finans Asset Management Doctors Debt Instruments Special Fund as of 5 October.