A billboard reading: "50 meters" is installed near KIT Finance Capital Bank.
Photo: Oleg Xarseev
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The Russians Invest in Mutual Funds Again
The outflow from open mutual funds gave way to inflow by results of past week. The funds widened by 76 million ruble in five business days, although the outflow equaled 789 million ruble a week ago, according to the data released via the web of the National Managers League.
Of interest is that the Russians mostly invested in stock funds, which attracted over 200 million ruble during a week. The benchmarks of stock exchanges dropped a bit over the period.
But the Russians tended to withdraw money from the mutual funds in the recent months. Nearly 7.3 billion ruble was pulled out of those funds in May and the funds lost 4.1 billion ruble in April.
Amateur investors refer to the mutual funds to profit on the exchange. They transfer their money under control of professional management companies, which inject it in securities or any other assets. No yield is guaranteed, as it depends on the market performance.
www.kommersant.com
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