Anadolu Hayat Rises for Second Day as BofA Foresees Growth

Anadolu Hayat Emekliklik AS (ANHYT), Turkey’s largest pension fund, rose for a second day as Bank of America Merrill Lynch said it would be the main beneficiary of a government plan to encourage savings.

The shares rose 2.6 percent to 3.95 liras at the close in Istanbul, the highest level since April 5.

“On the back of the new incentives, we expect pension assets under management to increase from 15 billion liras currently to 49 billion liras at year-end 2015,” analysts Ecem Nalbantgil and Turker Hamzaoglu said in a report issued today.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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