Özet:

The adoption of free trade, along with globalization, has increased the importance of foreign investments, especially for developing countries with insufficient savings. Developing countries with high revenue potential and attractive opportunities need foreign resources to get rid of savings gap, to grow economically, to develop their financial markets, and most importantly to complete their development. In this regard, in this study, the impact of foreign direct investments and portfolio investments in Brazil, Russia, India, China, South Africa and Turkey, which were also expressed as BRICS-T countries in the period 2000-2018, on the share market return, has been studied by panel data analysis method. The results of the analysis; whereas a meaningful and positive relationship between portfolio investments and share market returns has been detected, a meaningful relationship between foreign direct investments and share market returns has not been detected.

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