Citi Turkey has extended its product range in the consumer banking area and now provides Akbank's capital protected mutual funds to its customers.
Citi has announced that it will also be offering Fortis and TEB’s capital protected mutual funds in a short period of time.
Citi Turkey, which signed an agreement with Akbank, Fortis, and TEB, will provide capital protected mutual funds to its clients by choosing among the funds provided by these fund managers.
The investors can access these funds through Citibank branches. Each capital protected mutual fund has a certain subscription period.
Taner Ayhan, certified business manager with Citi Turkey, said: This enables our customers to be able to choose among a wide range of products provided by not only foreign fund management companies such as Fidelity, Franklin Templeton and Legg Mason but also those offered by local companies such as Akbank, Fortis, Raymond James, TEB and Yapi Kredi Bank.