Official: Russian stock mkt to see dramatic household inflow ‘19

MOSCOW, Dec 17 (PRIME) -- The Russian stock market will see a dramatic inflow of household investment in 2019, President of the Russian National Association of Securities Market Participants (NAUFOR) Alexei Timofeyev told reporters on Monday.

“We have managed to attain a sea change in the task of attracting citizens to the financial market,” Timofeyev said. “The law on investment aides to enter in force in December will be the next step in this direction.”

In December, a law regulating activities of investment consultants will come in force.

Timofeyev also said that the industry has improved the process of identification and remote signing of agreements, automation of services, including of investment consultations and asset management. Lower bank deposit rates will make people look for alternative investment, he said.

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