ICBC Turkey Asset Management First Variable Fund
SUGGESTED INVESTOR PROFILE:
It is recommended for investors who want to earn returns above TL deposit returns in the medium term.
ESTABLISHMENT DATE: 13.10.1993
FUND MANAGEMENT FEE: % 1,95
RISK LEVEL: Low
The investment strategy of the First Variable Fund is focused on providing higher and more stable returns in the medium term compared to TL deposit rates by investing predominantly in Turkish public and private sector bonds, reverse repo and Takasbank Money Market transactions.
The fund invests a limited amount in equities listed on Borsa İstanbul and foreign exchange, gold or precious metals and other mutual funds which invest in local and international capital markets by considering economic conjuncture. The fund can also perform derivative transactions based on precious metals in futures markets for hedging or investment purposes.
Medium Term Advantages
- High internal yield potential with liquid bond/bill position providing secure fixed income
- A reliable investment strategy with a stable return profile and flexible management style
BENCHMARK: BIST-KYD 1 Month Deposit Index (TL)