The Russian Financial Market in 2019

Abramov, Alexander E.; Chernova, Maria

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The Russian Financial Market in 2019

Russian Economy in 2019. Trends and Outlooks. Moscow. IEP. 2020, Issue 41, pp. 65-148

86 Pages Posted: 26 Oct 2020

See all articles by Alexander E. Abramov

Maria Chernova

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research

Date Written: September 6, 2020

Abstract

The year 2019 was one of the luckiest periods in the history of Russia’s stock market. On a 10-year time horizon (2010–2019), the geometric mean return on investment in Russian ruble-denominated stocks amounted to 8.3% per annum, which was below the corresponding indices of only a few markets like the USA, the Scandinavian economies, Japan, India, the Philippines, and Argentina. The average annual return on investment in Russian stocks denominated in US dollars stood at 0.7%, which was significantly below the ruble-denominated return on investment in those same stocks due to the ruble weakening in the post-crisis period.

Keywords: Russian Economy, Stock Market, Bond Market, Bond Market, Derivatives Market, Private Investors

JEL Classification: G01, G12, G18, G21, G24, G28, G32, G33

Suggested Citation: Suggested Citation

Abramov, Alexander E. and Chernova, Maria, The Russian Financial Market in 2019 (September 6, 2020). Russian Economy in 2019. Trends and Outlooks. Moscow. IEP. 2020, Issue 41, pp. 65-148, Available at SSRN: https://ssrn.com/abstract=3687776