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        <div id="content-top1">Page 6 - 2011GR</div>
        <div id="content-top2">P. 6</div>
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    <pre style="white-space:pre-line"><code>Bireysel Emeklilik Sistemi 2011 GeliÅŸim Raporu

   KÃ¼mÃ¼latif Kesintilerin Kesinti Tiplerine GÃ¶re           41  Emeklilik YatÄ±rÄ±m FonlarÄ±                          60
   Tarihsel Seyri					                                         Konsolide PortfÃ¶y DaÄŸÄ±lÄ±mÄ± (%)			

   KÃ¼mÃ¼latif Gelir Vergisi StopajÄ±			                      42  Esnek Fonlar PortfÃ¶y DaÄŸÄ±lÄ±mÄ± (%)			               60

   Ã–denen KatkÄ± PayÄ±nÄ±n YÄ±llara GÃ¶re DeÄŸiÅŸimi		            42  Kurucu BazÄ±nda 2011 YÄ±lÄ±
                                                               Emeklilik YatÄ±rÄ±m FonlarÄ± PortfÃ¶y DaÄŸÄ±lÄ±mÄ± (%)		
   Emeklilik HakkÄ± Kullanan                                                                                       61
   KatÄ±lÄ±mcÄ± Adedinin Tarihsel DeÄŸiÅŸimi			
                                                           43  Fon GruplarÄ± BÃ¼yÃ¼klÃ¼kleri ve Ortalama Getirileri	  62

   EmekliliÄŸe Hak Kazanacak                                43  Fon GruplarÄ±nÄ±n YÄ±llar itibarÄ± ile
   KatÄ±lÄ±mcÄ± Adedinin GeliÅŸimi				                             Net VarlÄ±k DeÄŸerleri DeÄŸiÅŸimi (YÄ±llÄ±k ArtÄ±ÅŸ ve AzalÄ±ÅŸlar)	 62

   Emekli Olan KatÄ±lÄ±mcÄ±larÄ±n Ã–dedikleri                   45  Fon GruplarÄ±nÄ±n ve                                 63
   KatkÄ± PayÄ± ve Elde Ettikleri Net Getiri (TL)		              KarÅŸÄ±laÅŸtÄ±rma Ã–lÃ§Ã¼tlerinin 2011 YÄ±lÄ± Getirileri		

   Emeklilik HakkÄ±nÄ± Kullanan KatÄ±lÄ±mcÄ±larÄ±n                   Emeklilik YatÄ±rÄ±m FonlarÄ± Net VarlÄ±k DeÄŸerlerinin  63
   Emeklilik Ã–demesi Tutar AralÄ±klarÄ±na GÃ¶re DaÄŸÄ±lÄ±mÄ±	 45      Fon GruplarÄ± ve Kurucu BazÄ±nda DaÄŸÄ±lÄ±mÄ±		

   Emeklilik HakkÄ±nÄ± Kullanan KatÄ±lÄ±mcÄ±larÄ±n               46  KarÅŸÄ±laÅŸtÄ±rma Ã–lÃ§Ã¼tÃ¼ PerformansÄ±na GÃ¶re            64
   Bireysel Emeklilik Sisteminde GeÃ§irdikleri                  Emeklilik YatÄ±rÄ±m FonlarÄ± Analizi 			
   SÃ¼reye GÃ¶re DaÄŸÄ±lÄ±mÄ±				

   Lisans Durumuna GÃ¶re AracÄ±lar			                        47  Esnek Emeklilik YatÄ±rÄ±m FonlarÄ± Verileri		         66

   CoÄŸrafi BÃ¶lgelere GÃ¶re AracÄ±lar			                      47  Fon Grubu ve Kurucu BazÄ±nda                        67
                                                               Emeklilik YatÄ±rÄ±m FonlarÄ± 2011 YÄ±lÄ± Getirileri		

   DaÄŸÄ±tÄ±m KanalÄ±na GÃ¶re SÃ¶zleÅŸmeler			                    48  Kurucu BazÄ±nda Emeklilik YatÄ±rÄ±m FonlarÄ±
                                                               2011 YÄ±lÄ± Getirileri	(Kamu BorÃ§lanma TL)		
   AracÄ±larÄ±n YaÅŸ AralÄ±klarÄ±na GÃ¶re KatkÄ± PayÄ±,                                                                   67
   AracÄ±, SÃ¶zleÅŸme ve Sonlanma OranlarÄ± (%)		
                                                           48  Kurucu BazÄ±nda Emeklilik YatÄ±rÄ±m FonlarÄ±
                                                               2011 YÄ±lÄ± Getirileri (Hisse Senedi)			
   DaÄŸÄ±tÄ±m KanalÄ±na GÃ¶re SÃ¶zleÅŸme Adedi OranÄ± ve                                                                  68
   KatkÄ± PayÄ± OranlarÄ± (%)				
                                                           49  Kurucu BazÄ±nda Emeklilik YatÄ±rÄ±m FonlarÄ±
                                                               2011 YÄ±lÄ± Getirileri (Esnek)				
   Pazarlama KanalÄ±na GÃ¶re SÃ¶zleÅŸme Adedi OranÄ± ve                                                                68

   KatkÄ± PayÄ± OranlarÄ± (%)				                             49  YÄ±llar Ä°tibarÄ± Ä°le Emeklilik YatÄ±rÄ±m FonlarÄ±
                                                               Fon GruplarÄ± YÄ±llÄ±k Getirileri				
   DaÄŸÄ±tÄ±m KanalÄ±na GÃ¶re                                                                                          69
   e-BEASâ€™a KatÄ±lan AracÄ± Adetleri			
                                                           50  YÄ±llar Ä°tibarÄ± Ä°le Emeklilik YatÄ±rÄ±m FonlarÄ±
                                                               Fon GruplarÄ± YÄ±llÄ±k Reel Getirileri			
   e-BEASâ€™a KatÄ±lanlarÄ±n DaÄŸÄ±tÄ±m KanalÄ±na GÃ¶re                                                                    69
   Puan AralÄ±klarÄ± (%)				
                                                           50  Fon ve KarÅŸÄ±laÅŸtÄ±rma Ã–lÃ§Ã¼tleri
                                                               2011 YÄ±lÄ± Getirileri (Esnek Fonlar HariÃ§)		
   e-BEASâ€™a KatÄ±lanlarÄ±n BaÅŸarÄ± OranlarÄ±nÄ±n                                                                       70
   Tarihsel GeliÅŸimi					
                                                           51  Kurucu BazÄ±nda Emeklilik YatÄ±rÄ±m FonlarÄ±
                                                               Net VarlÄ±k DeÄŸerleri 				
   Cinsiyete GÃ¶re e-BEASâ€™a KatÄ±lanlarÄ±n BaÅŸarÄ± OranlarÄ±	 51                                                       71

   Emeklilik PlanlarÄ±					                                 52  Kurucu BazÄ±nda Emeklilik YatÄ±rÄ±m FonlarÄ±
                                                               Net VarlÄ±k DeÄŸerleri ve
   SeÃ§ilmiÅŸ OECD Ãœlkelerinde Ekonominin Boyutuna GÃ¶re	         2011 YÄ±lÄ± Ä°Ã§indeki BÃ¼yÃ¼me OranlarÄ±			              71

   Emeklilik YatÄ±rÄ±m FonlarÄ±nÄ±n Ã–nemi 			                  56  Sharpe OranÄ±na GÃ¶re Ä°lk 20 Emeklilik YatÄ±rÄ±m Fonu	 72

   SeÃ§ilmiÅŸ OECD Ãœlkelerinde Emeklilik FonlarÄ± VarlÄ±k      56  Fon GruplarÄ± iÃ§in KullanÄ±lan Pazar Endeksleri		    73
   ToplamÄ±nÄ±n Ãœlkelere DaÄŸÄ±lÄ±mÄ± (%)			

   SeÃ§ilen OECD Ãœlkelerinde                                57  Alfa KatsayÄ±larÄ± Pozitif Olan
   Emeklilik FonlarÄ± Reel Getirileri			                        Emeklilik YatÄ±rÄ±m FonlarÄ± (UluslararasÄ± Fonlar HariÃ§)	 74

   31 AralÄ±k 2011 Tarihi Ä°tibarÄ± ile YatÄ±rÄ±m FonlarÄ±       58  Emeklilik YatÄ±rÄ±m FonlarÄ±nÄ±n
   Toplam Bilgileri					                                       Fon Grubu BazÄ±nda Aylara GÃ¶re
                                                               Ortalama GÃ¼nlÃ¼k Fon Ä°ÅŸletim Gideri Kesintisi OranlarÄ±	 75

   Emeklilik YatÄ±rÄ±m FonlarÄ±nda                            58  Anket TÃ¼rÃ¼ne GÃ¶re Sisteme GiriÅŸ AnÄ±ndaki Beklentiler	 88
   Net VarlÄ±k DeÄŸeri DeÄŸiÅŸimi 				

   Fon Grubu BazÄ±nda Emeklilik YatÄ±rÄ±m FonlarÄ± Net VarlÄ±k      Cinsiyet ve YaÅŸ AralÄ±klarÄ±na GÃ¶re                  89
                                                               Sisteme GiriÅŸ AnÄ±ndaki Beklentiler			
   DeÄŸerleri ve 2011 YÄ±lÄ± Ä°Ã§indeki BÃ¼yÃ¼me OranlarÄ±	        59

   Emeklilik YatÄ±rÄ±m FonlarÄ± ve Menkul KÄ±ymet              59  DaÄŸÄ±tÄ±m KanalÄ±na GÃ¶re Sisteme Girme KararÄ±nÄ±       90
   YatÄ±rÄ±m FonlarÄ±nda Ortalama Vade			                         Etkileyen Unsurlar					

4</code></pre>
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