The Russian Financial Market in 2019

Alexander Abramov and Maria Chernova

Published Papers from Gaidar Institute for Economic Policy

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 (search for similar items in EconPapers)
JEL-codes: G01 G12 G18 G21 G24 G28 G32 G33 (search for similar items in EconPapers)
Pages: 81 pages
Date: 2020, Revised 2020
New Economics Papers: this item is included in nep-cis and nep-sea
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2020-1040.pdf Revised Version, 2020 (application/pdf)

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