UIF yields higher in Q2
31 August 2020
News
The weighted average yield of unit investment funds (UIFs) in the second quarter totalled 15.7% p.a., which was above the same reading last year; the yield remained in negative territory for the half-year period, however.
Bank of Russia analysts note an ongoing rise in private investors’ interest in UIFs as interest rates on deposits decline. Banks and other financial institutions are, in turn, strongly promoting investment products, with digitalisation facilitating sales processes and enhancing product availability, which is also the case of UIFs. Further details of Q2 market trends are available in Review of Key Indicators of Unit Investment Funds and Joint-stock Investment Funds.
Preview photo: Jacob Lund / Shutterstock / Fotodom