Sunday, March 22, 2015

Investors are once again fleeing from Russia – RosRegistr

After a two-month lull, foreign investors once again began to actively withdraw their funds from the domestic capital market. While this process has not received serious revolutions, but there is a tendency to increase. In just the past 7 days, investors have pulled out of Russia-oriented funds of 60 million. Dollars. This information results in the publication “Kommersant».

The Western source Emerging Portfolio Fund Research (EPFR) notes after the two-month period increased investment in the Russian sector of the stock market, a critical time in the process, can turn out a reverse trend . From 5 to 18 March from domestic funds investors withdrew 57.7 million. Dollars.

The reason for this negative trend is to reduce the cost of energy, especially oil, experts explain. Intensive depreciation “black gold” is fixed to the middle of March. In just 7 days the price of Brent crude fell by 2% to 54.5 dollars per barrel. A similar situation with the price of Russian oil Urals, which has lost in value during this time as much as 3% and dropped to 51.4 dollars per barrel. Only in March the price of oil fell by 12-15%.

Analysts cited another reason outflow of capital from Russia. So, Yegor meek, head of IG “Trinfiko” refers to the main negative factor – hardening of positions of the West towards Russia. Especially after the last sanctions and negotiations on arms supplies to the Ukrainian state.

Tags: capital, oil price



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