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Government Domestic Debt Instruments (GDDI) achieved the top monthly real return among major investment assets in June, TurkStat reported on Wednesday.
The latest figures showed that GDDI outperformed all other investment instruments on a monthly basis, while the stock market emerged as the best-performing asset over the past year.
According to TurkStat, government domestic debt instruments generated a monthly real return of 1.60% when adjusted for the Domestic Producer Price Index (D-PPI) and 2.42% based on the Consumer Price Index (CPI), making them the most profitable investment for the month.
Deposit interest also posted positive real returns, yielding 1.36% according to D-PPI and 2.17% according to CPI. The US dollar recorded modest gains of 0.05% and 0.85%, respectively.
In contrast, investors in the euro, Borsa Istanbul, and gold bullion experienced real losses during the month. Based on D-PPI, the euro declined by 1.41%, the stock market fell 3.13%, and gold lost 7.39% in real terms. Adjusted for CPI, losses amounted to 0.62% for the euro, 2.36% for the stock market, and 6.64% for gold.
Looking at the second quarter of the year, deposit interest provided the strongest real performance among investment instruments.
According to TurkStat, deposit interest generated a quarterly real return of 1.22% based on D-PPI and 2.07% according to CPI.
Gold recorded the weakest performance during the same period, posting real losses of 16.99% under D-PPI calculations and 16.29% based on CPI.
Over the first six months of the year, Borsa Istanbul emerged as the strongest-performing investment.
The stock market generated a real return of 8.70% according to D-PPI and 7.16% based on CPI.
Gold continued to underperform, declining 8.66% in real terms under D-PPI and 9.95% according to CPI during the six-month period.
On an annual basis, equities also remained the top-performing investment vehicle.
TurkStat data showed that the stock market delivered an annual real return of 17.93% when adjusted for D-PPI and 14.34% based on CPI.
Gold ranked second among annual performers, generating real gains of 16.14% according to D-PPI and 12.60% according to CPI.
Government domestic debt instruments also remained in positive territory, returning 6.87% under D-PPI calculations and 3.62% according to CPI over the past year.
Deposit interest provided annual real gains of 5.24% based on D-PPI and 2.04% under CPI.
Meanwhile, foreign currencies continued to underperform against inflation. The US dollar posted annual real losses of 8.48% according to D-PPI and 11.26% based on CPI, while the euro declined 8.60% and 11.38%, respectively.
The latest TurkStat figures highlight the varying performance of investment instruments across different time horizons, with government debt securities leading monthly returns, deposit interest outperforming on a quarterly basis, and the Turkish stock market delivering the strongest gains over both six-month and annual periods. (ILKHA)
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