Russian open-ended investments

RUSSIA / FSU POLITICS - In Brief 13 May 2019 by Alex Teddy
In April this year Russia saw a marginal (USD 1.1 million) increase in open-ended investment funds. Interest rates have been dropping, meaning depositing in a bank does not make much sense. The interest rate is currently 7.75% down from 8.25% in 2017. The Russian stock market has rebounded since last year's trough. The recovery in April 2019 was only one tenth of the outflow of March 2019. In April 2019 the Moscow stock market finished 2.5% higher than in March. That is an 8.5% rise over the same time last year according to InvestFunds. The RUB has fallen 1.5% against the USD over the last 30 days.Private investors withdrew USD 44 million from bond funds in April 2019. The increase in equity investments indicates that Russian investors regard this as less risky than the alternatives. A lot has been invested in the S&P as well as Nasdaq. The slowdown in the US markets in late 2018 meant prices there fell. Russian investors have been investing abroad in case the Russian economy tanks.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.