Model Portfolio Update

We updated our Model Portfolio by 2025 Outlook Report

Our Model Portfolio, which we launched in June 2023, has generated a 159% nominal return in TRY over the past year and a half, outperforming the BIST 100 index, which has increased by 80% in TRY during this period. Accordingly, Model Portfolio's index relative performance indicates a 44% positive return.

While adding İş Bankası, Yapı Kredi Bank, TAV Airports and Turkcell to our Model Portfolio that we reviewed and reallocated as we are heading into 2025; we are removing Lider Factoring from our Model Portföy. Turkish Airlines, Coca Cola İçecek, Ford Otomotiv, Mavi Giyim, Migros, Teknosa and Tüpraş remain. We would also like to point out that we will follow the companies in our Model Portfolio and their performance with equal weight by this report.