Turkey’s banks in equity market rally
EBRD helps to plug funding gap
It’s a measure of the relative sophistication and global appeal of the Turkish equity market that it was the first in central and eastern Europe to spawn exchange traded funds, a trend that shows no sign of abating. In April the clear market leader in the ETF field in Turkey, Finans Asset Management, launched its latest product, the Finansbank ISE-30. Based on the Istanbul Stock Exchange’s (ISE) benchmark ISE National-30 index, the ETF is designed to give investors convenient, low-cost exposure to the core Turkish equity plays.
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Ozgur Guneri: happy with performance |
Ozgur Guneri, executive vice-president at Finans Asset Management, says that the ETF is the first to be based on the National-30 index, which he says is “the index most widely recognized and used by the investment community”.
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