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
Date Written: September 6, 2020
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