Mutual Funds

A Type Funds

A – Fund Sale to Customers

At least 25% of A Type funds (on a monthly weighted average basis) are composed of stocks and therefore carry the risk of stock exchange market. Managed by the professionals at Şeker Securities, stock positions of A Type funds are increased or decreased through the analysis of market conditions. Other than equities, Treasury and government bonds are also included in A Type fund portfolios.

In A Type Mutual Funds, investor’s fund purchase orders made until 12:00 are executed over next day’s fund price; related amount is immediately blockaded and repoed until the next day if it exceeds TRY250. Orders made after 12:00 are assumed to be made on the next day and conducted over the following working day’s fund price; related amount is immediately blockaded and repoed for two days if it exceeds TRY250.

B – Fund Repurchase

Transactions are executed between 09:00 – 17:30.

In A Type Mutual Funds investor’s fund selling orders made until 12:00 are executed over next day’s price and related amount is freed on the day following the execution (T+2). Orders made after 12:00 are considered to be made at the next day and executed over the price of the following day. Related amount is freed one day after the execution (T+3).

B Type Funds

B Type Variable Funds are suitable for risk averse investors as a considerable portion of the fund portfolio is composed of public borrowing instruments and reverse-repo. Stocks are also added at suitable market conditions.