TÜİK announces: Which investment instrument performed best in December?

The Turkish Statistical Institute (TÜİK) has announced the "real rates of return on financial investment instruments" for December 2023 and the year as a whole.

Accordingly, last month, the highest real return was seen in GDDS at 8.04 percent when adjusted by the Domestic Producer Price Index (D-PPI) and 6.16 percent when adjusted by the Consumer Price Index (CPI).

When adjusted by the D-PPI, gold bullion provided a real return of 4.29 percent, the euro 1.41 percent, deposit interest (gross) 1.16 percent, and the dollar 0.4 percent to investors. The BIST 100 index, however, caused a loss of 2.84 percent for its investors. When adjusted by the CPI, gold bullion provided a real return of 2.48 percent, while the euro caused a loss of 0.35 percent, deposit interest (gross) 0.6 percent, the dollar 1.35 percent, and the BIST 100 index 4.53 percent.

In the 3-month evaluation, gold bullion was the investment instrument providing the highest real return to investors at 9.39 percent when adjusted by the D-PPI and 5.46 percent when adjusted by the CPI, while the BIST 100 index was calculated as the investment instrument causing the most loss to investors at 10.25 percent when adjusted by the D-PPI and 13.48 percent when adjusted by the CPI.

According to the six-month evaluation, the BIST 100 index was the investment instrument providing the highest real return to investors at 13.09 percent when adjusted by the D-PPI and 3.26 percent when adjusted by the CPI, while during the same period, GDDS was recorded as the investment instrument causing the most loss to investors at 32.06 percent when adjusted by the D-PPI and 37.97 percent when adjusted by the CPI.

GOLD PERFORMED BEST ON AN ANNUAL BASIS

When financial investment instruments were evaluated annually, gold bullion stood out as the investment instrument providing the highest real return to investors at 24.79 percent when adjusted by the D-PPI and 9.22 percent when adjusted by the CPI.

In the annual evaluation, when adjusted by the D-PPI, the euro provided a real return of 11.41 percent, the dollar 8.06 percent, and the BIST 100 index 2.3 percent, while deposit interest (gross) caused a loss of 20.3 percent and GDDS 46.71 percent for investors. When adjusted by the CPI, the euro caused a loss of 2.49 percent, the dollar 5.41 percent, the BIST 100 index 10.46 percent, deposit interest (gross) 30.24 percent, and GDDS 53.35 percent for investors.

News Source: AA