In accordance with published data, the payback from investments in Russia 8 times higher than expenditures for the same time in China and in 16 times – in India. Thus, Russia has demonstrated the best performance of all emerging markets.
The publication indicates that amid a sharp fall in oil prices and the ruble exchange rate, many investors have preferred to leave the Russian market, however, more risk-averse hedge funds remained and took advantage of the situation.
“There are not many countries in the world where you can get the income in Russia”, – told the newspaper partner in the investment company East Capital Group Albin Rosengren. “Investors were leaving Russia in the past year due to instability in the market, but this year they return, because the market there looks attractive. For me it is Russia was a good investment in 2015 and 2016”, – he said.
“The investment situation in Russia became so bad that there was already no way but up,” said Michael O’flynn, a partner of Choate Bridge Global Advisors –a company that advises hedge funds.
In late April, the Agency “Interfax”, citing data from Emerging Portfolio Fund Research (EPFR) reported that from 14 to 20 April 2016, the outflow of funds from investing in shares of Russian companies funds amounted to $52.1 million This was due to the increase in stock prices and oil prices and investor concerns about the pace of further growth.
At the same time, experts EPFR noted a recovery of capital inflows into funds investing in emerging markets. For the week from 14 to 20 April, investors have invested in them $293,6 million against an outflow of $242,2 million a week earlier.