FTSE Group (“FTSE”), the global index company, is pleased to announce that the FTSE Turkish Lira Government Bond Index is being used from today as the basis of the first fixed income ETF in emerging European markets. The new ETF has been licensed to Istanbul-based asset management company Finans Portfoy, which has gained regulatory approval to list an ETF product on the Istanbul Stock Exchange.
Imogen Dillon Hatcher, Managing Director of FTSE EMEA said, “FTSE continues to drive the European trend of innovation in the ETF industry by working closely with issuers to precisely understand their needs. Creating the FTSE Turkish Lire Government Bond Index has allowed Finans Portfoy to develop an innovative and specialised product which appeals directly to regional and international investors looking for access to this market.”
Zafar Onat, Executive Board Member of Finans Portfoy, added, “Using the FTSE Turkish Lira Government Bond Index means that we’ve been able to create an ETF to allow investors to participate in the performance of highly attractive Turkish Fixed Income market through a single transaction.”
FTSE indices now support over 85 ETFs, covering a range of asset classes and investment strategies, worldwide. Total assets linked to these products exceed USD 20 billion. More information about FTSE’s index range is available at www.ftse.com or from contacts below.