Sorry, haters, Putin’s stock market is better than yours.
Ridiculously low interest rates on European government bonds, and higher dividends being paid by Russian companies, have investors overweighting Russian securities.Retailer Magnit’s dividend yield is a whopping 8.62%. Its competitor X5 Retail Group pays 4.15%.
Telecommunications giant, Mobile TeleSystems , which trades on the NYSE, pays 5.7%. MBT is up 26.4% year-to-date.Russia’s break from the Soviet Union came with at least three financial crises, each one either delivering a—temporary—crushing blow. Since the breakup of the USSR, many of Russia’s wealthy have left or hid money offshore while the country still faces something of a brain drain. Russians in the science and engineering fields are working in the U.S. and Western Europe instead.
A few years later, they turned to real estate, building a Chinese-style housing bubble that popped in 2008 and never recovered. Since real estate is no longer offering Russians the returns on investment it once did, those who don’t have enough capital to open up accounts overseas, or need to keep money at home, are rediscovering the stock market.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Wall Street Journal: Sondland kept Trump administration officials briefed on Ukraine dealingsThe US Ambassador to the EU kept several Trump administration officials briefed on his attempts to get Ukraine to launch investigations later discussed in President Trump's July call with the Ukrainian President, according to the Wall Street Journal
Consulte Mais informação »
BBC One Doubles Down On Readies With Second Season Of Danny Dyer-Fronted Gameshow ‘The Wall’“Give us a load of readies, you mug,” the BBC is bringing back its remake of NBC format The Wall with national treasure Danny Dyer. The show, which has been performing well in a primetime Saturday …
Consulte Mais informação »
The Great Wall of China: 4 ideas for day trips — and 1 to avoid altogetherNew tours to the Great Wall of China offer experiences far beyond a basic hike. From traveling via sidecar to snapping photos with a drone, get the most from a day trip to one of China's — and the world's — top tourist attractions.
Consulte Mais informação »
Jared Kushner Wants to Give America a Livestream of the Border WallJared Kushner has demanded a 24/7 livestream of the border wall, despite the fact that it may show 'U.S. work crews violating Mexican sovereignty,' among other things
Consulte Mais informação »
Trump Admin. Prepares Court Filings to Seize Private Land in Texas for Border Wall: ReportThe Trump administration is preparing to submit court filings as early as next week as a necessary step toward seizing private land in Texas for its wall on the border with Mexico, NBC reported Thursday. Administration officials still haven&39;t said how much the government will compensate affected
Consulte Mais informação »
Wall Street's biggest gold ETF turns 15. Here's what one of the top minds in gold sees aheadThe SPDR Gold Shares Fund (GLD) just turned 15. George Milling-Stanley, chief gold strategist at State Street Global Advisors' SPDR ETFs, gives investors a sense of what's next for the precious metal.
Consulte Mais informação »