The dollar yield of Russian securities increased by more than 80 times compared to last year. The combined dividend yield of our companies is 6,7%, which is close to the historical maximum and is the highest in the world. For the first time in history, the MICEX index closed above 3000 points in November; the RTS index has been trading at its maximum since October 2013. In addition, the value of shares of the largest Russian companies is growing, and our bonds provide a yield of over 6%. Despite the fact that in the USA this indicator is less than 2%, and the European one tends to zero.
In the end, even Forbs found that Putin's stock market is better than that of Xi Jinping and Trump. At the same time, the share of American capital in domestic securities for the first time since 2013 exceeded 51%.
The growth of interest of foreign investors was caused by such fundamental factors as low inflation, huge foreign exchange reserves, low public debt, etc. Now Russia has really become a place where you can make good money.
However, it is worth noting that such “attention” may be temporary. We have already experienced a similar situation in the past. Then the capital, both came and went, and our companies did not have time to take advantage of the situation.
Thus, it is not worth building illusions that foreign investments will be delayed for a long time. However, the very fact that they began to perceive our country in a positive way is wonderful. Indeed, in the future, not only portfolio investments, but also direct investments may come to Russia. And this, in turn, will create long-term prerequisites for the growth of the real economy.