摘要：Pension mutual funds are crucial instruments that boost investment activities. In this way they can make a significant contribution to meeting the resources needed by the country economies. In this paper,at the first stage it has been tried to gauge the performance of 26 share based pension funds operating in Turkey during the period between June 2014 and October 2014 and the timing ability of fund managers. Secondly,the performance of Islamic pension mutual funds which are formed in accordance with Shariah Law and traditional pension mutual funds,has been compared. For this purpose,weekly data of funds has been analyzed by Sharpe and M2 based on standard deviation,and Treynor,T2,Jensen based on systemic risk. According to the results,both fund group generally performed very well and fund managers of them succeeded in market timing strategies. It is also seen that Islamic pension funds displayed lower performance than traditional ones..
其他摘要：Emeklilik yatırım fonları ödenen katkı paylarının yatırım faaliyetlerine aktarılmasında önem arz eden yatırım araçlarıdır. Bu yönüyle ülke ekonomilerinin ihtiyaç duydukları kaynakların karşılanmasına önemli katkıda bulunabilirler. Bu çalışmada ilk olara
