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.
 
Direct Exposure:
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.
 
Diversification:
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.
 
Continuous Pricing:
FBIST shares are priced continuously on the Borsa Istanbul during trading hours.
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.
© 2012 FBIST is copyrighted and cannot be used without permission.