FBIST Exchange Traded Fund
FTSE Istanbul Bond ETF (FBIST) tracks the FTSE Turkish Lira Government Bond
Index. Provides exposure to a basket of Turkish fixed income securities
with a single transaction. FBIST exchange traded fund (ETF) can be traded on the
Borsa Istanbul (BIST) just like a stock and can be bought and sold through
any licensed bank or brokerage house.
Ease of Transaction:
FBIST shares can easily be acquired through the BIST. Institutional investors
can also create or redeem through the Takasbank system.
FBIST offers liquidity for institutional investors through a creation-redemption
process. It is an ETF that is based on a liquid index which can facilitate
good executions even if the ETF itself trades infrequently.
FBIST offers institutional investors the ability to gain exposure to a basket of
fixed income securities with a single transaction.
FTSE Istanbul Bond ETF only has fixed income securities issued by the Turkish Treasury
and meets FTSE Turkish Lira Government Bond Index criteria’s.
FBIST offers diversification as it consists of a basket of fixed income securities
which meet the FTSE Turkish Lira Government Bond Index criteria’s.
FTSE Istanbul Bond ETF reduces the risk of a single fixed income
security. FBIST provides liquidity and manageable risk.
FTSE Istanbul Bond ETF can be used to diversify the entire portfolio to minimize
risk, while increasing the return potential in a bull market condition.
FBIST shares are priced continuously on the Borsa Istanbul during trading
Intraday NAV is also disseminated by the fund manager every 15 seconds during trading
hours of the BIST. Continuous pricing allows intra-day liquidity for investors.
Efficient intraday pricing leads to minimal deviation from Net Asset
Value of the fund.