TEFAS Fund Performance Snapshot: THF and KHA Lead the Pack

TEFAS's actively traded funds have reshaped investor sentiment and liquidity flows over the past 24 hours.

Current Fund Dynamics

■15,000 investors and ₺1 billion asset size across funds exceeding 50% equity weighting.

■Daily gains led by THF at +1.81% and KHA at +1.71%.

Top Performing Funds

■THF: +1.81% daily return, net ₺7.6 billion inflow – a record level of investor interest.

■KHA: +1.71% return, ₺296.9 million net inflow, ranking second.

■TLY: ₺172.6 million net inflow, securing third place.

Net Cash Flow – Inflows and Outflows

■Highest Inflows: THF (₺7.6 billion), followed by KHA (₺296.9 million) and TLY (₺172.6 million).

■Highest Outflows: ICZ (₺9.8 million) and YHZ (₺8.3 million) recorded net exits.

■Positive‑Return Funds with Outflows: MAC (₺5.7 million) and AK3 (₺4.4 million) saw net cash outflows.

Strategic Takeaways

■Heavy inflows into equity‑heavy funds like THF and KHA reinforce short‑term momentum.

■Outflows from ICZ, YHZ, MAC, and AK3 indicate a reallocation of risk appetite.

■ALC delivered +0.81% return with ₺5.0 million inflow, while other positive‑return funds experienced outflows that could pressure liquidity balances.

Market participants should capitalize on the momentum in THF and KHA, while reassessing exposure in funds with notable outflows such as ICZ and YHZ. The concentration of outflows may trigger short‑term volatility, and BIST 100 technical levels could face a corrective pressure near the 61.8% Fibonacci retracement; protective stop‑losses are advisable.