Investors in Russia were attracted to Finland
Ahead of the meeting of the presidents of Russia and the US resumed the sale of the assets.
After a two month break international investors again began to increase investments in the Russian stock market. Over the past week the volume of investments amounted to $85 million, Rising oil prices and plans by the US and Russia to meet in Finland again has made the Russian stock market attractive.
Recent data from Emerging Portfolio Fund Research (EPFR) show a recovery of interest from international investors in funds specializing in investment in the Russian market.
According to “Kommersant”, based on data from BofA Merrill Lynch (account EPFR), for the week ending June 27, the funds focused on Russia attracted $85 million Is the first inflow since mid-April. For the previous nine weeks non-residents withdrew from the Russian assets of more than $1 billion.
The recovery of interest in shares of Russian companies occurs against the background of continuing low popularity of funds in developing countries. According to EPFR, over the past week emerging markets funds lost $3.1 million While the Russian stock market demonstrated one of the best speaker among the markets of the BRIC countries.
The result is better than the Russian showed only funds in China, where foreign investors have invested nearly $330 million From India investors pulled $224 million from Brazil and $30 million According to the asset Manager of the criminal code “Ingosstrakh-Investments” Valentin Zhurba, investors continue to scare the risks of emerging markets: high inflation, political conflicts, structural problems in the economy.