ICBC Turkey Asset Management Gold Fund
SUGGESTED INVESTOR PROFILE:
It is recommended for investors who want to invest directly in gold and/or gold-backed capital market instruments.
ESTABLISHMENT DATE: 14.02.2012
FUND MANAGEMENT FEE: % 1,75
RİSK LEVEL: High
The gold fund aims to reflect the changes in gold prices to a high extent by investing in gold and gold-based capital market instruments that are traded in the Borsa Istanbul Exchange at a minimum rate of 80%. The remaining 20% it invests in various investment instruments such as reverse repo, Takasbank Money Market transactions, mutual funds, etc.
The purpose of the Gold Fund is to reflect the price changes in the world gold market to the fund investor. It is suitable for investors who aim to obtain returns in line with the return of gold in Turkish Lira.
Advantages
- Easy trading and high liquidity opportunity through safe investment in physical gold
- As an alternative to foreign currency, hedging against possible devaluation and inflation in TL with precious metal investment
BENCHMARK: 95% BIST-KYD Gold Weighted Average Price Index + 5% BIST-KYD Repo (Gross) Index