Its main features are intraday trading at market prices and relatively low cost. Gold and index ETFs are the most common examples in Turkey.
Source: 6362 sayılı SPKn, SPK tebliğleri
Related terms
Investment fundA pool of assets without legal personality, formed from money collected against participation units and managed in trust by portfolio management companies.Borsa IstanbulThe exchange in Turkey on which shares, debt instruments, derivatives and precious metals are traded.Borsa Istanbul marketsThe market segments, such as the Star Market, Main Market and Sub-Market, in which shares trade according to company size and the market value of the free float.Asset-backed securityDebt instruments created by transferring cash-generating assets such as loans, leases or trade receivables to a fund or special purpose vehicle and repaid from those assets' cash flows.Authorised capital systemA system under which the board may increase capital up to a ceiling set in the articles of association without a general assembly resolution.Bonus issueIssuing shares to shareholders by adding a company's internal resources (reserves, retained earnings, capital adjustment differences) to its capital.
Last updated: November 8, 2026 · This definition is for general information only.