CEO: Foreigners account for 50% of Moscow Exchange’s share trade

MOSCOW, Apr 17 (PRIME) -- The share of foreign investors in the share trade on the Moscow Exchange stood at 50% in January–March, while their share in trade in derivatives amounted to 48%, CEO Alexander Afanasyev said in a news conference on Wednesday.

“There is an assumption that there is an outflow of foreign investors from Russia. This is not the case, as almost half of the turnover on the stock market comes from foreign accounts, and the situation at the derivatives market is almost the same,” he said, adding that the combined investment of foreign funds in Russian companies stood at U.S. $75.4 billion as of the end of March.

“The only region that significantly raised its ownership in Russia’s free float is the U.S., which is predictable. They are raising their share, it was at about 40% before the sanctions, while now it is at 54–55%.”

The U.S. and Canadian funds accounted for 54% of investment in Russian companies in January–March, while European funds accounted for 23%, and British funds for 21%, according to materials of the Moscow Exchange.

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