Investing in Russia funds have recorded inflows after outflows


For a week, from 4 to 10 August 2016, net cash inflow to the funds investing in shares of Russian companies amounted to $65 million, Reuters reported, citing data from Emerging Portfolio Fund Research (EPFR). Earlier it was reported that from 27 July to 2 August, investors withdrew from the funds focused to Russia, $32 million.

In the review of Sberbank Investment Research highlights that over the last week in black was both passive and active funds — the first attracted about $33,4 million and the second $31.4 million

Factor in the investors ‘ interest in Russian assets, Sberbank CIB analysts believe exclusively the dynamics of oil prices. In the first days of August, the price of a barrel of Brent for the first time since July 25 rose above $45.

The inflow of funds on the Russian stock market for a total of $80.3 mn has provided global funds specializing in investments in emerging markets (GEM).

At the same time, funds that specialize solely in the shares of Russian companies continue to withdraw funds, though, the process has slowed down for a week, from 4 to 10 August, the outflow amounted to $14.4 million versus $32 million in the previous week.

Since the beginning of the year net outflow from Russia-focused equity funds amounted to $15.1 million