Ziraat Portfoy BIST Liquid Banks ETF

The Ziraat Portfoy BIST Liquid Banks Index Equity-Intensive ETF (Ziraat Portfoy BIST Likit Banka Endeksi Hisse Senedi Yogun Borsa Yatirim Fonu) is an exchange-traded fund set up by Ziraat Portfoy Yonetimi, whose units trade on Borsa Istanbul under the ticker ZPLIB. The fund belongs to the equity-intensive fund class.

According to its founder, the fund tracks the BIST Liquid Banks Total Return Index by continuously investing most of its assets in the shares covered by that index. The index is made up of the shares of heavily traded banks listed on Borsa Istanbul; as a total return index, it also takes dividends into account. The fund thus gives investors access, in a single trade, to a basket of the sector's liquid banks without having to pick individual bank stocks.

For this fund, which reflects the banking sector, interest rate decisions, loan growth and banking regulation are the main factors shaping its course. The trading price on the exchange may at times deviate from the fund's unit value. On Lzzo.com, ZPLIB comes with a price chart, technical indicators and the option to compare it with the BIST Banks index.