QNB Finans Portfoy Gumus Borsa Yatirim Fonu (Turkiye)

QNB Finans Portföy Gümüş Borsa Yatırım Fonu is a mutual fund located in Istanbul, Turkey. It aims to reflect the performance of an index to investors and its shares are traded on the stock exchange. The fund combines the high liquidity and ease of buying and selling stocks with the risk diversification and investment benefits of mutual funds. Customers with an investment account at authorized brokerage firms or banks with trading privileges on the Istanbul Stock Exchange can purchase the fund during trading hours. The fund's transactions are settled on a T+2 basis and its assets are held securely by Takasbank. The first Borsa Yatırım Fonu in the Turkish Capital Markets was introduced in January 2005 by Finansbank AŞ with the DOW JONES Istanbul 20 A Type Borsa Yatırım Fonu. The fund's net asset value is announced at the end of each day. It also provides a benchmark net asset value that approximately reflects the fund's value based on current market conditions. The transaction price is the price at which the fund is bought or sold on the Istanbul Stock Exchange. The benchmark portfolio composition represents the portfolio structure equivalent to a certain number of fund shares, allowing investors to transparently track the composition of the portfolio they are invested in. Borsa Yatırım Fonu offers advantages such as ease of trading, low costs, transparency, and continuous monitoring. It differs from other mutual funds as it can be bought and sold on the Istanbul Stock Exchange like a stock, has frequent net asset value disclosures, daily portfolio composition announcements, lower management fees, and is valued at closing prices.