In 2016, foreign investors have invested in funds of the Russian record in six years, the volume of funds. Since the beginning of the year, total inflows exceeded $727 million, providing most of the positive result of all funds in developing countries. This is the first positive annual result since 2012 and the maximum in 2010 ($3.3 billion), writes «Kommersant».
International investors are increasing investments in the Russian stock market since the beginning of last November. According to Citibank (taking into account the data Emerging Portfolio Fund Research, EPFR), the total volume of foreign investments which came to the funds focused on Russian shares in the week ending December 22, amounted to $120 million, surpassing the figures for the other funds in developing countries.
The keen interest of foreign portfolio investors to the Russian market by the end of the year raised the Russian stock indices to historic highs, the newspaper notes. For example, the MICEX this month rose to unprecedented heights in 2258,1 paragraph, adding since the beginning of the year almost a quarter. In dollar terms, the index rose by 47%, and Russian stocks were among the leading markets of developed and developing countries. Stronger grew by only Brazilian, Kazakh and Peruvian stocks, which rose to 59-63%.
Analysts say that expectations of easing of sanctions by the US will contribute to further inflows of portfolio investment in Russia, at least until the inauguration of Donald trump. According to EPFR, six weeks after a convincing victory of Republican investors have invested in Russian funds almost $1.3 billion, offsetting the outflow for the previous two and a half years.