Russians invested 638 bln rubles ($8.6 bln) in overseas stocks, bonds in 2020 – Organization & Financial system

MOSCOW, February 16. /TASS/. The inflow of funds from folks in shares and bonds of non-residents amounted to 638 bln rubles ($8.6 bln) in 2020, in accordance to the Lender of Russia’s critique of monetary challenges.

This is extra than two times the dimension of the decrease in the quantity of funds on overseas currency accounts and deposits of people today in Russian financial institutions more than the very same time period, the regulator stressed.

“The purchase of overseas securities can be partly defined by the redistribution of households’ discounts in foreign forex from deposits to investments with increased envisioned returns,” the regulator explained.

“At the exact same time, most of the influx was provided by investments in overseas shares, which signifies the emergence of a possibility-oriented method in the habits of the populace, in addition to conventional ways of investments in financial debt instruments, “the Lender of Russia extra.

Thus, the inflow of cash from people today into the shares of companies registered in overseas jurisdictions in 2020 amounted to 415 bln rubles ($5.6 bln). Of this total, 70 bln rubles ($949 mln) accounted for investments in shares of issuers affiliated with Russian organizations.

American firms, which are bundled in the most important inventory indices: S&P 500, NASDAQ, Dow Jones account for the major inflow of resources.

The biggest boost in residence investments was noticed on the St. Petersburg web-site: the quantity of internet buys of non-resident shares for the year soared by much more than 30 occasions – from 8 bln ($108 mln) to 242 bln rubles ($3.3 bln).

As of January 1, 2021, the whole volume of investments of folks in non-resident shares (in specific on the Moscow Trade) amounted to 570 bln rubles ($7.7 bln), investments of people today in shares of non-people affiliated with Russian businesses amounted to 142 bln rubles ($1.9 bln).

The inflow of money from folks into bonds of non-people for 2020 amounted to 223 bln rubles ($3 bln), of which 95 bln rubles ($1.3 bln) account for bonds of non-residents affiliated with Russian companies.

The Bank of Russia also famous that in spite of the growing interest of citizens in international securities, investments in securities of Russian issuers however account for 85% of the population’s investments as of January 1, 2021.