Locals will return to the Russian stock market again next year. It's like the early 1990s, only better.
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But the main trend that will continue apace into 2020 for Russia is the fact that the locals have become more trusting of the stock market. They’re investing, and holding for longer periods. Long term for a Russian investor is about a year. As a result of this change, Russia’s financial services industry may have are more solid and tangible foundation on which to grow into the new year....
“Low interest rates and improved client experience is what’s driving the market now. It’s really helping to change the whole industry in Russia,” he says, busily rummaging through his phone for messages about a large, secondary stock offering VTB had just taken part in. Russia spent 2019 in a quiet bull market despite lackluster economic growth of around 1%. “We are in the middle of a transformational growth spurt for the entire financial services industry here,” Potapov says.
Rodionov likes Russian real estate because of high dividend yield between 9% and 10% in rubles. He also likes tech giant Mail.ru Group, owners of social media company Vkontakte and partners in a joint venture with China’s AliExpress, Russia’s leading online retailer. The VanEck Russia exchange traded funds are even outperforming China, the most talked about, high-flying market of 2019. Their Russia Small Cap and the VanEck Vectors Russia funds are both up more than 35% year-to-date.
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