In August, bullion gold became the investment vehicle providing the highest real return
According to TURKSTAT data, while bullion gold offered the highest real return in August and on an annual basis, it was the vehicle that lost the most over the 6-month period.
Turkish Statistical Institute announced the real return rates of investment vehicles for August. According to the released data, bullion gold stood out as the investment vehicle providing the highest real return in both monthly and annual evaluations.
Gold Return in August
Bullion gold provided a real return of 7.17 percent when deflated by the domestic producer price index and 7.93 percent when deflated by consumer prices in August.
Monthly and 3-Month Performance
While GDS yielded a real return of 0.66 percent, the euro 0.61 percent, and deposit interest 0.33 percent on the basis of D-PPI in August, the US dollar and BIST 100 caused losses.
In the 3-month evaluation, the highest real return occurred in GDS, while the BIST 100 was the investment vehicle that lost the most in the same period.
6-Month Period Deposit Interest
While gross deposit interest was the investment vehicle providing the highest real return in the 6-month period, bullion gold was the vehicle that lost the most with rates reaching up to 19.35 percent.
Annual Evaluation Results
On an annual basis, the real return of bullion gold materialized as 19.73 percent according to D-PPI and 16.49 percent according to CPI, enabling it to rank first.