Despite the fact that Barack Obama’s victory in the US election yesterday spells out good news for Russia, the local equity market has failed to rebound at the news.
Index tracking funds in Russia have continued to see outflows. Despite their relatively low risk profile compared to equities, they have failed to attract local investors.
Ruben Aganbegyan has joined Otkritie Financial Corporation in Moscow as CEO and chairman of the managing board.
BlackRock Investment Management has made another investment together with the Russian Direct Investment Fund (RDIF), this time in a medical company MD Medical Group.
The Moscow Stock Exchange is looking at launching foreign equity futures for Russian investors.
Equity funds managed by TKB BNP Paribas Investment Partners in Russia has been doing well this year. They keep topping the fund rankings put together by mutual fund information platform Investfunds.
Russia’s National Settlement Depository (NSD) has taken over all the cash and securities settlement functions previously conducted by the Depository Clearing Company (DCC) and the RTS Settlement Chamber of the Moscow Stock Exchange.
Leading investment firm Blackrock plans to invest in the Moscow MICEX-RTS stock exchange, marking its first direct investment into Russia, according to local news sources.
Yesterday saw the opening of the 11th international investment forum in Sochi, Russia. Its aim is to bring together industry professionals to discuss Russia’s competitive advantage, the need for new financial instruments and the development of the infrastructure and institutional landscape of the country.
Russian pension funds and asset managers are flocking away from equities, towards bank deposits, reflecting the tendency that has prevailed among local retail investors all year.
VTB Capital Investment Management has launched two new funds investing in Russia and the CIS.
Russia’s fledgling mutual fund management industry has its biggest battle on the home front: local bank deposit rates provide investors with a trusted and lower-risk alternative to fund investing.