08.05.2023, 18:37
Russian stocks outperformed foreign currency stocks in terms of profitability
Source: OREANDA-NEWS
OREANDA-NEWS Mutual investment funds (mutual funds) focused on Russian stocks turned out to be the most profitable in April, Kommersant writes with reference to InvestFunds data.
More than a third of such funds brought investors income above 5 percent, and the two best mutual funds increased the value of the unit by more than 10 percent. At the same time, in May, funds with foreign currency assets outperformed them in terms of profitability. The balance of power has changed due to the sharp growth of the Russian stock market - in April, the Mosbirzhi index rose by 7.5 percent to 2,635 points, returning to the levels of the beginning of April last year.
The market grew primarily due to the expectation of large dividend payments from Russian players, experts explain. The positive trend in April was also supported by the weakening of the ruble and a reduction in the discount of Russian Urals oil to Brent, which improved the position of oil and gas exporters, said Maria Trofimova, analyst at TRINFICO investment group.
In April, the newspaper's journalists predicted that even in difficult economic conditions, the dividends of many Russian companies would be double-digit in 2023. Kommersant quoted Dmitry Puchkarev, an expert on the stock market of BCS World of Investments, according to which the total amount of payments will exceed 875 billion rubles, and the bulk of them will fall on Sberbank shares.
In April, Sberbank announced the payment of record dividends in the amount of 565 billion rubles (25 rubles per share). The boards of directors of LUKOIL, Tatneft and NOVATEK also recommended high dividends.
More than a third of such funds brought investors income above 5 percent, and the two best mutual funds increased the value of the unit by more than 10 percent. At the same time, in May, funds with foreign currency assets outperformed them in terms of profitability. The balance of power has changed due to the sharp growth of the Russian stock market - in April, the Mosbirzhi index rose by 7.5 percent to 2,635 points, returning to the levels of the beginning of April last year.
The market grew primarily due to the expectation of large dividend payments from Russian players, experts explain. The positive trend in April was also supported by the weakening of the ruble and a reduction in the discount of Russian Urals oil to Brent, which improved the position of oil and gas exporters, said Maria Trofimova, analyst at TRINFICO investment group.
In April, the newspaper's journalists predicted that even in difficult economic conditions, the dividends of many Russian companies would be double-digit in 2023. Kommersant quoted Dmitry Puchkarev, an expert on the stock market of BCS World of Investments, according to which the total amount of payments will exceed 875 billion rubles, and the bulk of them will fall on Sberbank shares.
In April, Sberbank announced the payment of record dividends in the amount of 565 billion rubles (25 rubles per share). The boards of directors of LUKOIL, Tatneft and NOVATEK also recommended high dividends.
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