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Inflow to Funds Investing in Russia Tripled in a Week
16.01.2021 19:03
Inflow to Funds Investing in Russia Tripled in a Week
(Source: https://pixabay.com/ru/photos/ìîíåòû-áàíêíîòû-äåíüãè-âàëþòå-1726618)

For the week, the net inflow to funds investing in Russian assets and bonds (including funds focused not only on the Russian Federation) amounted to $ 370 million, RIA Novosti reported citing a BCS Global Markets report. A week earlier, the inflow amounted to $ 110 million. The inflow of funds to equity funds, specializing exclusively in the Russian market, amounted to $ 20 million in a week. Last week, experts recorded an outflow of $ 20 million.
      Cumulative inflows to Russian stocks from all categories of funds amounted to $ 290 million, the best result since January 2020. “We continue to view the market as overheated, but expect strong dynamics to continue amid such high inflows,” the company said in a statement. The inflow of foreign investors' funds into the Russian market intensified at the end of December. According to experts, international investors are attracted by the credit rating of Russian issuers and the positive real interest rate on their debts.
      
      
      
      
      



Author: Anna Dorozhkina

Tags: Russian economy     

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