What is the participation ratio, how is it calculated? Does the ratio change?
The participation ratio is the options amount per unit share and it is calculated by dividing the remaining amount to be used in buying options by the options price. This ratio indicates the investor's participation ratio in the potential earnings of the fund.
For example: if a TL 100 fund invests TL 90 in government bonds and purchases options with the remaining TL 10, given that options price is TL 16, the participation ratio would be 10/63 = 63%. By multiplying potential earnings by 63%, the amount to be earned in addition to the principal is found. The above example is indicative only and provided for informative purposes.
The participation ratio is fixed for the maturity date and may change over the course of the fund based on the market variables. The actual participation ratio will be announced after the fund portfolio is established.
You may place your buy orders between the hours of 09:00 and 18:00 on the announced demand collection days, and until 12:00 on the last day.
While orders for only 1 or 2 sessions can be placed in the buy/sell step, you can place orders for a minimum of 3 sessions in the morning session, and a minimum of 2 sessions in the afternoon session, with a maximum of up to 40 sessions.