Borsa \u0130stanbul’da 12 Kas\u0131m 2021’den itibaren BIST Kat\u0131l\u0131m 30, BIST Kat\u0131l\u0131m 50, BIST Kat\u0131l\u0131m 100, BIST Kat\u0131l\u0131m T\u00fcm ve BIST S\u00fcrd\u00fcr\u00fclebilirlik Kat\u0131l\u0131m endeksleri kullan\u0131c\u0131lara yat\u0131r\u0131m yapma imkan\u0131 veriyor.<\/p>\n
Borsada i\u015flem g\u00f6ren \u015firketlerden kat\u0131l\u0131m finans kapsam\u0131ndaki standard\u0131 sa\u011flayan \u015firketler BIST Kat\u0131l\u0131m T\u00fcm Endeksi’nde bulunuyor. BIST Kat\u0131l\u0131m T\u00fcm Endeksi kapsam\u0131nda yer alan \u015firketlerden en y\u00fcksek i\u015flem hacmi ve fiili dola\u015f\u0131mdaki paylar\u0131n piyasa de\u011ferine sahip olanlar BIST Kat\u0131l\u0131m 100, BIST Kat\u0131l\u0131m 50, BIST Kat\u0131l\u0131m 30 endekslerinde hesaplan\u0131yor.<\/p>\n
Ge\u00e7en y\u0131l Borsa \u0130stanbul’da i\u015flem g\u00f6ren ana kat\u0131l\u0131m endeksi olan BIST Kat\u0131l\u0131m 100 endeksi, yat\u0131r\u0131mc\u0131s\u0131na y\u00fczde 34,5’lik reel getiri sa\u011flarken BIST Kat\u0131l\u0131m 50 endeksi y\u00fczde 31,9, BIST Kat\u0131l\u0131m 30 y\u00fczde 25,9, BIST Kat\u0131l\u0131m T\u00fcm y\u00fczde 35,1 ve BIST S\u00fcrd\u00fcr\u00fclebilirlik Kat\u0131l\u0131m endeksi y\u00fczde 20,4 artt\u0131.<\/p>\n
\u0130SLAM\u0130 F\u0130NANS PRENS\u0130PLER\u0130NE UYGUN H\u0130SSELERDEN OLU\u015eUYOR<\/strong><\/p>\n Kat\u0131l\u0131m Emeklilik Fon Operasyonlar\u0131, Varl\u0131k Y\u00f6netimi ve Ekonomik Ara\u015ft\u0131rmalar Direkt\u00f6r\u00fc Fatih \u0130lker Yi\u011fit, AA muhabirine yapt\u0131\u011f\u0131 de\u011ferlendirmede, kat\u0131l\u0131m endekslerinin performans\u0131n\u0131n asl\u0131nda sadece bir getiri hikayesi olmad\u0131\u011f\u0131n\u0131, ayn\u0131 zamanda varl\u0131\u011fa ve reel ekonomiye dayal\u0131 bir finans yakla\u015f\u0131m\u0131n\u0131n nas\u0131l \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 da g\u00f6sterdi\u011fini s\u00f6yledi.<\/p>\n Yi\u011fit, BIST Kat\u0131l\u0131m 100 Endeksi\u2019nin ge\u00e7en y\u0131l\u0131 yakla\u015f\u0131k y\u00fczde 35\u2019lik bir y\u00fckseli\u015fle kapatmas\u0131n\u0131n \u00f6zellikle enflasyon ortam\u0131nda yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan olduk\u00e7a dikkat \u00e7ekici bir sonu\u00e7 oldu\u011funu ifade ederek \u015f\u00f6yle devam etti:<\/p>\n “BIST Kat\u0131l\u0131m 100 endeksi, ge\u00e7ti\u011fimiz y\u0131l enflasyona kar\u015f\u0131 reel getiri sa\u011flayabilen, varl\u0131\u011fa dayal\u0131 ve ahlaki \u00e7er\u00e7evesi ile s\u00fcrd\u00fcr\u00fclebilir yat\u0131r\u0131m f\u0131rsatlar\u0131 sunan bir performans ortaya koydu. Endeksteki \u015firketlerin b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcn\u00fcn reel \u00fcretim ve ticaret odakl\u0131 sekt\u00f6rlerde faaliyet g\u00f6steriyor olmas\u0131, kat\u0131l\u0131m finans prensiplerinin piyasa performans\u0131n\u0131 g\u00fc\u00e7lendiren \u00f6nemli bir unsur olarak \u00f6ne \u00e7\u0131k\u0131yor.”<\/p>\n Kat\u0131l\u0131m endekslerinin, \u0130slami finans prensiplerine uygun kriterlerle se\u00e7ilmi\u015f \u015firketlerin hisselerinden olu\u015ftu\u011funu aktaran Yi\u011fit, bu kapsamda faaliyet alan\u0131 faiz gelirine dayal\u0131 olmayan ve a\u015f\u0131r\u0131 bor\u00e7luluk i\u00e7ermeyen \u015firketlerin endekste yer ald\u0131\u011f\u0131n\u0131 anlatt\u0131.<\/p>\n Yi\u011fit, bu \u00e7er\u00e7evenin sonucu olarak kat\u0131l\u0131m endeksinde yer alan \u015firketlerin \u00f6nemli bir k\u0131sm\u0131n\u0131n savunma sanayisi, perakende ticaret, temel mal \u00fcretimi, enerji ve kimya gibi reel sekt\u00f6rlere ait oldu\u011funu belirterek, bu alanlarda faaliyet g\u00f6steren bir\u00e7ok kat\u0131l\u0131m endeksine uygun \u015firketin g\u00fc\u00e7l\u00fc nakit ak\u0131\u015flar\u0131, fiyatlama g\u00fcc\u00fc ve karl\u0131l\u0131k art\u0131\u015f\u0131 sergiledi\u011fini kaydetti.<\/p>\n Bir di\u011fer \u00f6nemli noktan\u0131n kat\u0131l\u0131m endeksine olan ilginin artmas\u0131 oldu\u011funu aktaran Yi\u011fit, \u0130slami finans prensiplerine uygun yat\u0131r\u0131m ara\u00e7lar\u0131na y\u00f6nelen yat\u0131r\u0131mc\u0131lar artt\u0131k\u00e7a, endekse olan talebin de canl\u0131 kald\u0131\u011f\u0131n\u0131 dile getirdi.<\/p>\n “SON YILLARDA KATILIM F\u0130NANS EKOS\u0130STEM\u0130NE Y\u00d6NEL\u0130K \u0130LG\u0130 BEL\u0130RG\u0130N \u015eEK\u0130LDE ARTTI”<\/strong><\/p>\n Yi\u011fit, kat\u0131l\u0131m endeksine al\u0131nacak \u015firketlerin Borsa \u0130stanbul ve T\u00fcrkiye Kat\u0131l\u0131m Bankalar\u0131 Birli\u011fi (TKBB) Dan\u0131\u015fma Kurulunun belirledi\u011fi kriterlere g\u00f6re se\u00e7ildi\u011fini an\u0131msatarak, “\u015eirketlerde faizli bor\u00e7lar\u0131n piyasa de\u011ferine oran\u0131 y\u00fczde 33\u2019\u00fc a\u015fmamal\u0131, faiz getirili nakit ve menkul k\u0131ymetlerin oran\u0131 y\u00fczde 33\u2019\u00fcn alt\u0131nda kalmal\u0131, helal olmayan faaliyet gelirleri toplam gelirin y\u00fczde 5\u2019ini ge\u00e7memeli.” ifadesini kulland\u0131.<\/p>\n Alkol, kumar, t\u00fct\u00fcn, domuz \u00fcr\u00fcnleri, faizli finansman gibi sekt\u00f6rlerde faaliyet g\u00f6steren \u015firketlerin endeks d\u0131\u015f\u0131nda b\u0131rak\u0131ld\u0131\u011f\u0131n\u0131 vurgulayan Yi\u011fit, endeksin, bor\u00e7lulu\u011fu s\u0131n\u0131rl\u0131, reel \u00fcretim ve ticarete dayal\u0131, etik standartlara uygun \u015firketlerden olu\u015ftu\u011funu s\u00f6yledi.<\/p>\n Yi\u011fit, son y\u0131llarda kat\u0131l\u0131m finans ekosistemine y\u00f6nelik ilginin de belirgin \u015fekilde artt\u0131\u011f\u0131n\u0131 g\u00f6rd\u00fcklerini aktararak, bu art\u0131\u015f\u0131n tek bir kayna\u011fa dayand\u0131\u011f\u0131n\u0131 s\u00f6ylemenin do\u011fru olmayaca\u011f\u0131n\u0131 ve iki farkl\u0131 yat\u0131r\u0131mc\u0131 grubunun e\u015f zamanl\u0131 olarak bu alana y\u00f6neldi\u011finin g\u00f6zlemlendi\u011fini kaydetti.<\/p>\n \u0130lk grubu faizsiz finans ilkelerine hassasiyet g\u00f6steren ve tasarruflar\u0131n\u0131 bu \u00e7er\u00e7evede de\u011ferlendirmek isteyen yat\u0131r\u0131mc\u0131lar\u0131n olu\u015fturdu\u011funu belirten Yi\u011fit, son y\u0131llarda bu kitlenin kat\u0131l\u0131m bankac\u0131l\u0131\u011f\u0131n\u0131n yayg\u0131nla\u015fmas\u0131, kat\u0131l\u0131m fonlar\u0131n\u0131n ve kat\u0131l\u0131m endekslerinin geli\u015fmesiyle birlikte \u00e7ok daha aktif ve sistemli bir yat\u0131r\u0131mc\u0131 kitlesine d\u00f6n\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc dile getirdi.<\/p>\n Yi\u011fit, ikinci grubun ise geleneksel yat\u0131r\u0131mc\u0131lardan olu\u015ftu\u011funu anlatarak, getiri ve risk dengesinin cazip hale gelmesiyle yat\u0131r\u0131mc\u0131lar\u0131n da kat\u0131l\u0131m hisselerine y\u00f6neldi\u011finin g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc ifade etti.<\/p>\n “KATILIM ENDEKS\u0130N\u0130N BIST GENEL\u0130NE KIYASLA ZAMAN ZAMAN POZ\u0130T\u0130F AYRI\u015eMA \u0130HT\u0130MAL\u0130 G\u00dc\u00c7L\u00dc”<\/strong><\/p>\n Fatih \u0130lker Yi\u011fit, kat\u0131l\u0131m endekslerinin gelece\u011fine y\u00f6nelik hem makroekonomiyi hem de kat\u0131l\u0131m finans\u0131n yap\u0131sal \u00f6zelliklerini birlikte de\u011ferlendirmek gerekti\u011fini aktararak, “Borsa endeksleri i\u00e7in nokta tahmin yapmak, \u00f6zellikle belirsizliklerin y\u00fcksek oldu\u011fu d\u00f6nemlerde \u00e7ok sa\u011fl\u0131kl\u0131 de\u011fil. Ancak mevcut makroekonomik \u00e7er\u00e7eveyi ve kat\u0131l\u0131m endeksinin sekt\u00f6rel yap\u0131s\u0131n\u0131 birlikte de\u011ferlendirdi\u011fimizde, bu y\u0131l i\u00e7in temkinli ama iyimser bir perspektifin makul oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyorum.” dedi.<\/p>\n Kat\u0131l\u0131m endeksinde faiz gelirine ba\u011f\u0131ml\u0131l\u0131k ve bor\u00e7luluk oranlar\u0131n\u0131n g\u00f6rece daha d\u00fc\u015f\u00fck oldu\u011fu i\u00e7in finansman maliyetlerinin y\u00fckseldi\u011fi d\u00f6nemlerde bu \u015firketlerin daha az bask\u0131 alt\u0131nda kald\u0131\u011f\u0131n\u0131 belirten Yi\u011fit, “Bu y\u00f6n\u00fcyle BIST 100\u2019e k\u0131yasla belirli d\u00f6nemlerde pozitif ayr\u0131\u015fma potansiyelinin devam etti\u011fini s\u00f6yleyebilirim. Elbette bu ayr\u0131\u015fma, k\u00fcresel risk i\u015ftah\u0131, jeopolitik geli\u015fmeler ve yurt i\u00e7i makroekonomik g\u00f6r\u00fcn\u00fcm gibi fakt\u00f6rlere duyarl\u0131 olacakt\u0131r.” diye konu\u015ftu.<\/p>\n Yi\u011fit, getiri potansiyeli a\u00e7\u0131s\u0131ndan bak\u0131ld\u0131\u011f\u0131nda ise dalgal\u0131 fakat yukar\u0131 y\u00f6nl\u00fc bir trendin daha olas\u0131 oldu\u011fu bir y\u0131l beklentisinin daha ger\u00e7ek\u00e7i oldu\u011funu ifade ederek, \u015fu de\u011ferlendirmeyi yapt\u0131:<\/p>\n “Yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan en sa\u011fl\u0131kl\u0131 yakla\u015f\u0131m\u0131n, k\u0131sa vadeli spek\u00fclatif hareketlerden ziyade orta-uzun vadeli perspektifle kat\u0131l\u0131m endeksini de\u011ferlendirmek olaca\u011f\u0131n\u0131 s\u00f6yleyebilirim. Makroekonomik \u00e7er\u00e7evede ciddi bir bozulma ya\u015fanmad\u0131\u011f\u0131 s\u00fcrece, bu y\u0131l da kat\u0131l\u0131m endeksinin BIST geneline k\u0131yasla zaman zaman pozitif ayr\u0131\u015fma ihtimalinin g\u00fc\u00e7l\u00fc oldu\u011funu s\u00f6ylemek m\u00fcmk\u00fcn. Ancak her zaman oldu\u011fu gibi yat\u0131r\u0131m kararlar\u0131nda \u015firket bazl\u0131 analiz ve risk y\u00f6netiminin \u00f6n planda tutulmas\u0131 b\u00fcy\u00fck \u00f6nem ta\u015f\u0131yor.”<\/p>\n\n <\/p>\n Kaynak :\u00a0http:\/\/www.milliyet.com.tr\/ekonomi\/bist-katilim-100-endeksi-yatirimcisini-sevindirdi-7519034<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Borsa \u0130stanbul’da i\u015flem g\u00f6ren BIST Kat\u0131l\u0131m 100 endeksi ge\u00e7en y\u0131l yat\u0131r\u0131mc\u0131s\u0131na y\u00fczde 34,5 reel getiri sa\u011flad\u0131.<\/p>\n","protected":false},"author":1,"featured_media":166278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2529,10948,1256,383,4696],"class_list":["post-166277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-endeksi","tag-katilim-endeksi","tag-sirketler","tag-yatirim","tag-yigit"],"_links":{"self":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts\/166277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/comments?post=166277"}],"version-history":[{"count":1,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts\/166277\/revisions"}],"predecessor-version":[{"id":166279,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts\/166277\/revisions\/166279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/media\/166278"}],"wp:attachment":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/media?parent=166277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/categories?post=166277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/tags?post=166277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}