The fund aims at creating absolute return in USD through investing in fixed income assets, both Turkish and foreign government and private sector debt instruments, denominated in local and foreign currencies (USD and EUR). The fund intends to offer a diversified portfolio including different maturities.
In order to support its main strategy, the fund may take foreign currency derivative instrument positons for protection or investment purposes, and evaluate arbitrage opportunities.
Individual eurobond investors are subject to 35% tax rate; therefore, the fund presentes a significant tax advantage.