The Turkish Statistical Institute (TÜİK) announced the real return rates for financial investment instruments in September. Government domestic debt securities (DİBS) recorded the highest real monthly return.
When deflated by the domestic producer price index (D-PPI), the real return on DİBS was calculated at 1.18%, while it stood at 1.4% when deflated by the consumer price index (CPI).
Deposit interest also delivered returns in the monthly assessment
Gross deposit interest provided investors with a real return of 0.96% based on the D-PPI. During the same period, the dollar, euro, gold bullion and the BIST 100 index generated real losses of 0.44%, 1.12%, 2.24% and 6.01%, respectively.
When deflated by the CPI, the real return on gross deposit interest was 1.19%. The dollar, euro, gold bullion and the BIST 100 index generated losses of 0.22%, 0.89%, 2.02% and 5.79%, respectively.
Deposit interest led over three- and six-month periods
Over the three-month period, gross deposit interest was the best-performing investment instrument, delivering a real return of 3.42% based on the D-PPI and 4.11% based on the CPI. During the same period, the BIST 100 index was calculated as the investment instrument that generated the largest loss, with real losses of 9.9% based on the D-PPI and 9.29% based on the CPI.
Gross deposit interest also provided the highest real return over the six-month period. Its return was 1.6% when deflated by the D-PPI and 3.15% when deflated by the CPI.
In the six-month assessment, gold bullion generated the largest loss, with a real loss of 16.99% based on the D-PPI and 15.73% based on the CPI.
Gold bullion delivered the highest annual real return
Gold bullion ranked first in the annual performance of financial investment instruments. Its real return was 7.25% when deflated by the D-PPI and 5.3% when deflated by the CPI.
In the annual assessment, DİBS provided a real return of 5.85% and gross deposit interest 2.17% based on the D-PPI. The BIST 100 index, dollar and euro generated losses of 2.8%, 7.58% and 9.33%, respectively.
When deflated by the CPI, the real return on DİBS was 3.93%, while the real return on gross deposit interest was 0.32%. During the same period, the BIST 100 index, dollar and euro generated losses of 4.56%, 9.26% and 10.97%, respectively.
