The fall of the Russian stock market has not deterred private investors: the General inflow of funds into retail mutual funds amounted to almost 8 billion rubles And in the most risky instruments — equity funds — investors have invested over 5.5 billion rubles, Private investors saw a good opportunity to enter the market, especially because of the downward trend in interest rates on deposits may continue.According to Investfunds, in April net inflow in retail funds amounted to around 8 billion rubles that Is almost two times more than the outflow posted in the previous month, though three times lower borrowings Feb. After a long break leader bringing became a private company, not part of the same group with the Bank. According to Investfunds, nearly 4 billion rubles in retail mutual Funds attracted “Alfa Capital”, second place went to “Sberbank asset Management” with an index of 3 billion rubles “the Main inflow was from new customers. While outflows declined, dropping to an average monthly values of last year”,— said General Director of “Alfa-Capital” Irina Krivosheeva.The return private investors on the stock market after the strongest for last years collapse that occurred in March. Before strong fluctuations in the market resulting in prolonged outflows from the funds. So, after the crisis of 2008, and 2014 outflows from open-end mutual Funds continued for a year and a half, and their volume reached RUB 20 billion Even after the collapse in August of 2018, the outflow of funds continued for six months, during which investors withdrew nearly 9 billion. “Customers came to a new crisis more savvy with the point of view of understanding the stock markets, they use the opportunities that the market offers today,”— said the head of sales Department of “Sberbank asset Management” Andrey Makarov. According to Ms. Krivosheeva the investment advisers in March—April was actively calling customers, explaining the situation — many are stopped from sales.Important role in restoring the popularity of investment products has played a dynamics of rates on deposits. In the midst of crisis 2008-2014 years the rates exceeded 20% per annum. Not as impressive, but still the growth rate was observed in the second half of 2018. This year the rate hike was a rare phenomenon. According to the Central Bank, the average maximum rate of the largest banks in March rose by 0.28 percentage points to 5.43% per annum. “In previous crises, banks had the necessary liquidity, for which they were willing to pay. Now global regulators provide a record amount of liquidity to support economies and financial markets. This translates into a reduction of interest rates for instruments with low risk level”,— said Andrey Makarov.Changed and investment preferences. Before after crises demand faster just recovered funds obl��delegations and mixed investments, he is currently growing faster in the most risky category of equity funds. According to “Kommersant”, based on data Investfunds, funds in this category attracted in April with over 5.5 billion rubles In funds of the mixed investments received more than 1 billion rubles, more than 1,1 billion rubles was invested in money market funds. At this time from bond funds investors withdrew about 300 million rubles. “the Fact that the inflow was in equity funds, shows that buying mainly those who are aggressive to risk and have long been waiting for opportunities to buy securities at low price levels”,— says CEO of “VTB Capital Investments” Vladimir Potapov. “Now the main attraction, we are using the online channel, and the proportion engaging in stock funds was higher”,— said Andrey Makarov.In such circumstances, market participants are optimistic about the immediate prospects. “Not all external factors played out, but we see a clear interest to participate in the market. This means that the attraction will be even on a negative background,”— said Irina Krivosheeva.Vitaly Gaydayev
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