| Other Photos |
 |
|
 |
Speculators Return Money to Mutual Funds
// Shareholders decided the U.S. mortgage crisis is not dangerous
Despite expectations, August proved to be the most successful summer month of 2007 for mutual funds. Net inflow of money to these funds exceeded 3 billion rubles, as Kommersant estimated. Shareholders became more professional players of the stock market: the U.S. crisis caused the fall of Russian companies’ quotations, and many shareholders began investing into assets which became cheaper.
Net inflow of capital into mutual funds made up 3.16 billion rubles in August. In July, net outflow reached about 1.27 billion rubles. The outflow exceeded 1.9 billion rubles in April, but the inflow in May made up for the fall. The net inflow in June was just 0.7 billion rubles.
Fund managers say that shareholders are becoming more professional in working with the stock market. It is also due to the funds which are used as an alternative to traditional share funds.
Moreover, Russia’s market proved to be resistant to global crises. It displays higher and higher RTS index every 3 months. Fund managers said that shareholders hope for the market’s growth after so many months of instability.
www.kommersant.com
All the Article in Russian as of Sep. 04, 2007
|
|
|
