Bloomberg HT Piyasalar Yat\u0131r\u0131m Fonlar\u0131 Fonlarda dolarizasyon oran\u0131 Eyl\u00fcl’de y\u00fckseldi Fonlarda dolarizasyon oran\u0131 Eyl\u00fcl’de y\u00fckseldi Menkul k\u0131ymet yat\u0131r\u0131m fonlar\u0131 ve emeklilik yat\u0131r\u0131m fonlar\u0131nda dolarizasyon oran\u0131 Eyl\u00fcl 2026 itibariyle y\u00fczde 40,1 seviyesine y\u00fckseldi. \u0130lgili verileri hesaplayan ekonomist Haluk B\u00fcr\u00fcmcek\u00e7i para piyasas\u0131 fonlar\u0131nda ya\u015fanan \u00e7\u0131k\u0131\u015f\u0131n yaratt\u0131\u011f\u0131 payda etkisi dikkate al\u0131nd\u0131\u011f\u0131nda bu y\u00fckseli\u015fin yeni bir dolarizasyon e\u011filimi olarak de\u011ferlendirilmemesi gerekti\u011fini de vurgulad\u0131.\u00a0 T\u00fcrkiye’nin ekonomi platformu Bloomberg HT’yi Google listesine ekleyin 30 Eyl\u00fcl 2026, 10:54 G\u00fcncelleme : 30 Eyl\u00fcl 2026, 10:54 Fon manip\u00fclasyonu dolay\u0131s\u0131yla yat\u0131r\u0131m davran\u0131\u015flar\u0131nda da de\u011fi\u015fim g\u00f6zleniyor. Ekonomist Haluk B\u00fcr\u00fcmcek\u00e7i’nin hesaplamalar\u0131na g\u00f6re fonlarda dolarizasyon oran\u0131 Eyl\u00fcl ay\u0131nda para piyasas\u0131 fonlar\u0131ndaki \u00e7\u0131k\u0131\u015f\u0131n etkisi ile y\u00fckseldi. 16 Eyl\u00fcl\u2019de baz\u0131 yat\u0131r\u0131m fonlar\u0131n\u0131n geri \u00f6deme taleplerini kar\u015f\u0131lamakta zorland\u0131\u011f\u0131na ili\u015fkin geli\u015fmeler fon piyasas\u0131nda likidite endi\u015felerinin art\u0131rarak piyasalarda sat\u0131\u015f bask\u0131s\u0131n\u0131n artmas\u0131na ve fonlardan \u00e7\u0131k\u0131\u015f\u0131n h\u0131zlanmas\u0131na neden olmu\u015ftu. TEFAS verilerine g\u00f6re standart, kat\u0131l\u0131m ve serbest para piyasas\u0131 fonlar\u0131n\u0131n toplam portf\u00f6y de\u011feri 31 A\u011fustos\u2019ta 3,581 trilyon TL iken 28 Eyl\u00fcl\u2019de 2,799 trilyon TL\u2019ye geriledi. B\u00f6ylece raporlanan fon toplam de\u011ferindeki d\u00fc\u015f\u00fc\u015f 781,6 milyar TL oldu. REKLAM REKLAM B\u00fcr\u00fcmcek\u00e7i’nin abonelerine servis etti\u011fi raporda yer alan hesaplamalar\u0131na g\u00f6re bu d\u00fc\u015f\u00fc\u015f\u00fcn 267,5 milyar TL\u2019si baz\u0131 fonlar\u0131n fiyat, pay adedi ve fon toplam de\u011ferlerinin birlikte s\u0131f\u0131r raporlanmas\u0131ndan kaynakland\u0131. Bu teknik etki d\u0131\u015far\u0131da b\u0131rak\u0131ld\u0131\u011f\u0131nda fon toplam de\u011ferindeki daralman\u0131n yakla\u015f\u0131k 514,1 milyar TL oldu\u011fu g\u00f6r\u00fcl\u00fcyor. Para piyasas\u0131 fonlar\u0131nda 643 milyar TL’lik \u00e7\u0131k\u0131\u015f Fon toplam de\u011ferindeki de\u011fi\u015fimin, yat\u0131r\u0131mc\u0131 giri\u015f ve \u00e7\u0131k\u0131\u015flar\u0131n\u0131n yan\u0131 s\u0131ra fon fiyatlar\u0131ndaki de\u011ferlenme etkisini de i\u00e7erdi\u011fini s\u00f6yleyen B\u00fcr\u00fcmcek\u00e7i bu nedenle net yat\u0131r\u0131mc\u0131 hareketini \u00f6l\u00e7mek i\u00e7in her fonun tedav\u00fcldeki pay adedindeki g\u00fcnl\u00fck de\u011fi\u015fimi, ilgili g\u00fcn\u00fcn birim pay fiyat\u0131yla de\u011ferlendirildi\u011finde 31 A\u011fustos \u2013 28 Eyl\u00fcl d\u00f6neminde para piyasas\u0131 fonlar\u0131ndan yakla\u015f\u0131k 642,8 milyar TL net yat\u0131r\u0131mc\u0131 \u00e7\u0131k\u0131\u015f\u0131 ger\u00e7ekle\u015fti\u011fi belirtti. REKLAM REKLAM \u00c7\u0131k\u0131\u015f\u0131n 419,7 milyar TL\u2019si standart para piyasas\u0131 fonlar\u0131ndan, 127,0 milyar TL\u2019si serbest para piyasas\u0131 fonlar\u0131ndan ve 96,2 milyar TL\u2019si kat\u0131l\u0131m para piyasas\u0131 fonlar\u0131ndan ger\u00e7ekle\u015fti. Dolarizasyon oran\u0131 y\u00fckseliyor TEFAS\u2019ta bulunan veriler \u00fczerinden B\u00fcr\u00fcmcek\u00e7i’nin yapt\u0131\u011f\u0131 hesaplamalara g\u00f6re, menkul k\u0131ymet yat\u0131r\u0131m fonlar\u0131 ve emeklilik yat\u0131r\u0131m fonlar\u0131 toplam\u0131na bak\u0131ld\u0131\u011f\u0131nda toplam dolarizasyonun 2024 Mart ay\u0131nda y\u00fczde 47,4 ile zirveye ula\u015fmas\u0131n\u0131n ard\u0131ndan d\u00fc\u015f\u00fc\u015fe ge\u00e7ti\u011fi ve 2025 Ocak ay\u0131nda y\u00fczde 35,1\u2019e kadar geriledikten sonra, 2026 Eyl\u00fcl ay\u0131 itibar\u0131yla y\u00fczde 40,1 seviyesinde \u00f6nceki aya k\u0131yasla y\u00fckseldi. REKLAM REKLAM B\u00fcr\u00fcmcek\u00e7i para piyasas\u0131 fonlar\u0131nda ya\u015fanan \u00e7\u0131k\u0131\u015f\u0131n yaratt\u0131\u011f\u0131 payda etkisi dikkate al\u0131nd\u0131\u011f\u0131nda bu y\u00fckseli\u015fin yeni bir dolarizasyon e\u011filimi olarak de\u011ferlendirilmemesi gerekti\u011fini de vurgulad\u0131. \u0130lgili Haberler Eski SPK Ba\u015fkan\u0131 G\u00f6n\u00fcl hakk\u0131nda soru\u015fturma izni Netflix, k\u00fcresel i\u015fg\u00fcc\u00fcn\u00fcn y\u00fczde 6’s\u0131n\u0131 i\u015ften \u00e7\u0131karacak Apple’dan ABD tarihinin en y\u00fcksek patent tazminat\u0131na itiraz ABD’de Eyl\u00fcl enflasyonu 5 ay\u0131n zirvesinde ABD enflasyonu sonras\u0131 Citi de Fed tahminini de\u011fi\u015ftirdi Novak: Rusya ve ABD dizel yak\u0131t tedarik edecek, ilk sevkiyatlar ba\u015flad\u0131 Uluslararas\u0131 Enerji Ajans\u0131’ndan dizel krizi uyar\u0131s\u0131 Morgan Stanley, Blackrock ve Bank of America bilan\u00e7o a\u00e7\u0131klad\u0131 Almanya\u2019dan AB\u2019ye \u00c7in ithalat\u0131na kota \u00e7a\u011fr\u0131s\u0131 “ABD’li yat\u0131r\u0131mc\u0131lar\u0131n radar\u0131 T\u00fcrkiye\u2019de” AB liderlerinin ilk g\u00fcndemi enerji fiyatlar\u0131 ve rekabet g\u00fcc\u00fc ASML’de y\u00fcksek talep beklentisi Eski SPK Ba\u015fkan\u0131 G\u00f6n\u00fcl hakk\u0131nda soru\u015fturma izni Netflix, k\u00fcresel i\u015fg\u00fcc\u00fcn\u00fcn y\u00fczde 6’s\u0131n\u0131 i\u015ften \u00e7\u0131karacak Apple’dan ABD tarihinin en y\u00fcksek patent tazminat\u0131na itiraz ABD’de Eyl\u00fcl enflasyonu 5 ay\u0131n zirvesinde ABD enflasyonu sonras\u0131 Citi de Fed tahminini de\u011fi\u015ftirdi Novak: Rusya ve ABD dizel yak\u0131t tedarik edecek, ilk sevkiyatlar ba\u015flad\u0131 Uluslararas\u0131 Enerji Ajans\u0131’ndan dizel krizi uyar\u0131s\u0131 Morgan Stanley, Blackrock ve Bank of America bilan\u00e7o a\u00e7\u0131klad\u0131 Almanya\u2019dan AB\u2019ye \u00c7in ithalat\u0131na kota \u00e7a\u011fr\u0131s\u0131 “ABD’li yat\u0131r\u0131mc\u0131lar\u0131n radar\u0131 T\u00fcrkiye\u2019de” AB liderlerinin ilk g\u00fcndemi enerji fiyatlar\u0131 ve rekabet g\u00fcc\u00fc ASML’de y\u00fcksek talep beklentisi<\/p>\n