Session 2 - Nuri TEZEL - TKYD - Türkiye.pdf

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1、Evolving Trends in Asset-Backed Pension System in TrkiyeThe Role of Pension Funds in the Development of Capital Markets and the Promotion of Sustainable Economic GrowthNuri TezelBoard Member of the Corporate Governance Association of Trkiye(TKYD)-Total assets:50 billionUSD(4%of GDP)Source:EGM 2024,C

2、BRT-Participants:15.5 million(BES+OKS)Source:EGM 2024-Compound annualgrowth(last5 years):27%Source:EGM,TurkishInsurance andPrivatePensionSectorReport 2024-OECD average:Fund size/GDP 60%Source:OECD PensionMarketsin Focus2024PensionFunds:Long-TermInvestorsFrom a corporate governance perspective,the lo

3、ng-term investment horizon and active ownership of pension funds help improve the management quality of companies.-Investments in government bonds,corporate debt,equities,and infrastructure projectsSource:EGM 2024-Actingas cornerstone investors in IPOsSource:Borsa İstanbul Institutional Investor Rep

4、ort 2024-Long-term presence reduces market volatility(BIST share 8%)Source:Borsa İstanbul 2024Contribution toCapitalMarketsThis role incentivizes companies not only financially but also in governancepractices and transparency,supporting a stronger corporate governanceculture.-ESG-alignedfunds suppor

5、t long-termgrowthSource:EGM ESG FundReport 2024-Strengthencorporate governancepractices-Trkiye currentlyhas 8 sustainability-themedfunds(2%of total portfolios)Source:EGM ESG FundReport 2024Promoting Sustainable andResponsible InvestmentsThe corporate governance link lies in ESG criteria improving no

6、t only environmental and social factors but also management practices.Funds act as catalysts for spreading these standards across companies.-Corporate Governance and Sustainability Indices(XKURY&XUSRD)serve as trust indicators for funds.-Exact allocations are