WorldBorsa İstanbul will start to calculate 3 new indices based on gold

Borsa İstanbul will start to calculate 3 new indices based on gold


Borsa İstanbulIn the statement made by Borsa Istanbul, it was reported that in addition to the BIST Gold Index, which is calculated from the gold prices traded on the Stock Exchange, as of July 7, 3 new indices: Spot Gold, Gold-Based Lease Certificates and Gold Bonds will begin to calculate.

In the statement, the BIST Spot Gold Indices were created to measure the daily returns of gold-backed lease certificates and gold bonds issued by the Ministry of Treasury and Finance and the Ministry of Treasury and Finance Varlık Kiralama AŞ. specified.

Reminding that the currently calculated BIST Gold Index is calculated from the prices of dollar/ounce gold transactions realized in the Borsa Istanbul Precious Metals and Precious Stones Market (KMTP), and showing the returns of the index gold prices in dollars/ounce, the following was noted:

“The BIST Spot Gold Index, which will be published as of July 7, will be calculated by converting the dollar/ounce spot gold prices in international markets to TL/gram prices and will show the returns of the index gold prices in TL/gram. BIST Gold-Based Lease Certificate Index, Borsa Istanbul Debt Instruments It will be calculated from the same-day value prices of gold-based lease certificates traded in the BAP, issued by the Ministry of Treasury and Finance or the Ministry of Treasury and Finance Varlık Kiralama AŞ in gram gold.The index will show the Turkish lira-denominated returns, including gold and rental yields. The BIST Gold Bond Index, on the other hand, will be calculated from the same-day prices of gold bonds traded in the BAP and issued by the Ministry of Treasury and Finance or the Ministry of Treasury and Finance Varlık Kiralama A. “

“Spot gold prices and exchange rates in international markets in 3 indices will be used simultaneously”

Borsa İstanbul AŞ General Manager Korkmaz Ergun stated that they will start to calculate 3 new indices based on gold as of July 7, and stated that spot gold prices and exchange rates in international markets will be used simultaneously in all 3 indices.

Stating that the indices will be calculated every 10 seconds during the day, Ergun made the following assessments:

“One of them is the BIST Spot Gold Index. This index is aimed to reflect the changes in gold prices and to be used as an underlying asset or benchmark in various financial instruments that invest in physical gold such as mutual funds or exchange traded funds. The other two indices are BIST Gold-Backed Lease Certificates and BIST Gold. Bond indices, which will reflect not only the changes in gold prices, but also the rental yields of gold-backed lease certificates or the interest yields of gold bonds, thus the need for an index that funds investing in gold-backed lease certificates and gold bonds issued by the Treasury can use as an underlying or benchmark and will pave the way for creating more demand for the said securities issued by the Treasury.

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