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Russian securities account for over half the assets of open-end UIFs

4 мая 2017 года
Новости
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At the end of 2016, the shares and bonds of Russian enterprises and organisations ousted foreign securities from the leading positions in the assets of open-end unit investments funds (UIF).

According to the Review of key performance indicators of unit and joint-stock investment funds, over 2016 the proportion of foreign securities within open-end UIFs dropped to 27.4% (-16.6 pp) while the proportion of Russian corporate issuers’ bonds grew to 32.5% (+12.2 pp), and the proportion of their shares – to 22.3% (+4.9 pp). Last year saw a drop, in absolute terms, in the amount of assets invested in foreign securities (by 12.7 billion rubles) and an increase in investment in Russian debt securities (by 20.4 billion rubles) and Russian shares (by 10.2 billion rubles).

Russian securities have become more popular among investors due to their high yield compared to foreign securities as a result of the decline in country risk and ruble appreciation amid growing oil prices. In 2016, as reported by the Review, the S&P 500 index grew by 9.5%, while the MICEX index was up by 26.8%.

Photo: Billion Photos / shutterstock