MOSCOW, May 8. Funds focused on Russian stocks brought the largest income to shareholders in April, writes Kommersant.
«The value of shares of Russian stock funds increased by 5–10% over the month. <…> Last month, the Moscow Exchange index rose by 7.5%, to 2635 points, and returned to the levels of early April 2022,» — The publication reports.
The author calls the expectation of large-scale dividend payments the main factor that influenced this result. An additional lever was the weakening of the ruble, Maria Trofimova, an analyst at TRINFICO Management Company, told Kommersant. Income of more than 7% was brought by funds investing in precious metals. Units of Eurobond funds and bonds in Chinese yuan rose by 2-5.6%.
The positive trend will continue for several months, Kommersant believes.
«Part of dividend payments from LUKOIL and Sberbank will most likely be reinvested in the market, and specifically in shares that offer a potential return higher than on deposits and bonds,” said Maria Trofimova, an analyst at TRINFICO Management Company.
The expert added that against the background of anti-Russian sanctions and capital outflow, for Investments are best suited to foreign exchange funds. Bonds in rubles, at the same time, are not so profitable due to the budget deficit, the article summarizes.