Page 33 - Turkinsurance Digital Magazine

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Monthly Average Returns of Pension Investment Funds Compared to
Alternative Investment Instruments (%)
Instrument Monthly Average Return
Mixed & Flexible Funds 1,11
Fixed Income Securities 1,44
Fund of Funds 1,43
Equity 0,47
Participation Funds 1,43
Precious Metals 3,01
Money Market 2,05
CBRT – USD (Central Bank of Türkiye – US Dollar) 1,11
CBRT – Euro (Central Bank of Türkiye – Euro) 2,05
BIST 100 0,31
Consumer Price Index (CPI) 1,31
Producer Price Index (PPI) 1,23
BIST – Gold – TL/Gram 3,10
BIST – Gold – USD/Ounce 1,97
BIST-KYD 1-Month Benchmark Deposit Index (TL) 1,93

Equity Funds Provided the Lowest Return Among Fund average monthly return of 3.01% against alternative investment
Groups in the First Half instruments, while participation funds reached 1.43%, fixed in-
come securities funds 1.44%, mixed & flexible funds 1.11%,
In the first half of 2025, equity funds yielded a return of 3.47%, fund of funds 1.43%, money market funds 2.05%, and equity
making them the lowest-performing pension fund group for par- funds 3.47%.
ticipants. The occupancy rate for equity funds reached 3.27%
in January, -3.15% in February, -1.16% in March, -6.43% in During this period, the first-half return of BIST – Gold-TL/
April, 1.19% in May, and 10.56% in June. Gram was 37.85%, the Central Bank of the Republic of Türkiye
(TCMB) Euro return was 7.43%, TCMB US Dollar return was
Pension Investment Funds Outperform Alternative Invest- 26.70%, the producer price index (PPI) return was 15.71%,
ment Instruments the consumer price index (CPI) return was 16.67%, and the
KYD 1-Month Benchmark Deposit Index TL return was 23.17%.
In the first half of the year, precious metals funds achieved an

Yearly Comparison of Total Returns of Pension Investment Funds Against Alternative
Investment Instruments (%)

BIST-KYD 1-Month Benchmark Deposit Index (TL) 27,41 23,17
BIST – Gold – USD/Ounce 8,42 24,29
BIST – Gold – TL/Gram 27,04 37,85
Producer Price Index (PPI) 19,49 15,71
Consumer Price Index (CPI) 24,73 16,67
BIST 100 42,54 1,20
CBRT – Euro (Central Bank of Türkiye – Euro) 7,43 26,70
CBRT – USD (Central Bank of Türkiye – US Dollar) 11,72 12,83
Money Market 25,76 24,51
Precious Metals 21,45 37,94
Participation Funds 24,98 14,89
Equity 55,39 15,97 3,47
Fund of Funds 33,70
Fixed Income Securities 16,09 17,29
Mixed & Flexible Funds 35,67 12,33

First half of 2024 First half of 2025