The Turkish Statistical Institute (TurkStat) announced the real return rates of financial investment instruments for July. Deposit interest generated the highest real return in the monthly assessment.
Gross deposit interest provided a real return of 1.55% when adjusted for the domestic producer price index (D-PPI), and 1.29% when adjusted for the consumer price index (CPI).
Monthly assessment
When adjusted for the D-PPI, government domestic debt securities provided a real return of 1.15%, while the dollar provided a real return of 0.23%. During the same period, the euro posted a real loss of 0.62%, the BIST 100 index a real loss of 2.36% and bullion gold a real loss of 4.55%.
When adjusted for the CPI, government domestic debt securities provided a real return of 0.89%, while the dollar provided a real return of 0.03%. The euro posted a real loss of 0.87%, the BIST 100 index a real loss of 2.61% and bullion gold a real loss of 4.79%.
Three- and six-month outlook
In the three-month assessment, gross deposit interest was the investment instrument with the highest real return, providing 3.08% against the D-PPI and 4.7% against the CPI. During the same period, bullion gold was calculated to be the investment instrument with the largest loss, posting real losses of 14.94% against the D-PPI and 13.61% against the CPI.
Gross deposit interest also ranked first over the six-month period. Its real return was calculated at 1.58% against the D-PPI and 1.99% against the CPI, while bullion gold posted real losses of 20.55% and 20.22%, respectively.
Annual assessment
In the annual assessment, bullion gold posted the highest real return. It provided a real return of 11.37% when adjusted for the D-PPI and 8.05% when adjusted for the CPI.
On a D-PPI basis, the BIST 100 index provided a real return of 5.88%, government domestic debt securities 4.26% and gross deposit interest 1.74%. The dollar posted a real loss of 8.43%, while the euro posted a real loss of 10.49%.
When adjusted for the CPI, the BIST 100 index provided a real return of 2.73% and government domestic debt securities 1.16%. Gross deposit interest posted a real loss of 1.28%, the dollar 11.16% and the euro 13.15%.
