www.zawya.com - KFH-Turkey launched the Silver traded fund at Istanbul bourse
yesterday during a celebration that was attended by several Turkish
officials, including Istanbul Bourse ManagerIbrahim Tohan, in addition
to a bouquet of businessmen, investors, important figures, It is worth
noting that this is the first account of its kind in Turkey.
KFH-Turkey's CEO Ufuk Iwan stated that the new fund complements the
gold traded fund that the bank offered last year and is highly demanded
by clients; especially that Turkish people are keen to purchase and keep
gold and silver. (source)
He added that the new account is available to all
Turkish people and foreigners, where GCC investors are expected to take
advantage of the traded fund. He explained that studies have been
conducted about the account, and that those studies revealed that the
new fund has great potential for growth, and that it will be highly
demanded by several client segments in Turkey and overseas.
Moreover,
Iwan asserted that the bank will continue to offer new products and
services that meet the demands of its clients in various fields. He went
on to say that the bank meets the increasing demand for Islamic
products and services in the Turkish market. He remarked that the bank
accomplishes several objectives by offering those products, such as
increasing its market share, facing competition, and taking advantage of
the 186 branches that exist in Turkey.
Source: http://www.zawya.com/story/ZAWYA20120521121831/KFH-Turkey-launches-Silver-exchange-traded-fund-at-Istanbul-bourse/ - May 21, 2012
