the inflow of funds from private investors into bonds was 9 times higher than the inflow into shares – Kommersant
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The net inflow of funds from individual investors over the past 12 months in bonds reached 695 billion rubles. RBC Gleb Shevelenkov, Director of the Debt Market Department of the Moscow Exchange. Net inflow into shares for the same period amounted to 77 billion rubles.
According to Mr. Shevelenkov, 695 billion rubles. includes net inflows to both the primary and secondary bond markets. Of this amount, 585 billion rubles. investors sent to corporate bonds, 108 billion rubles. accounted for OFZ, 2 billion rubles. — on regional bonds.
The director of the Moscow exchange department said that “individuals generate enormous trading volumes” in the stock market through asset purchase and sale transactions. From the analysis of net inflows into assets, it follows that the bulk of the funds remain in bonds.
“75% of private investors who work on the stock market have portfolios of up to 100 thousand rubles. They are dominated by shares, while OFZs and corporate bonds in total account for less than 10%… Private investors with portfolios of more than 10 million rubles. bonds already account for 49%,” added Gleb Shevelenkov.
The share of individual investors in the bond market (primary and secondary) is less than in the stock market – 18% versus 80%. The share of individuals in bond trading remained almost unchanged – at the beginning of 2022, the figure was 15-17%. “The stock market actually fell on the shoulders of individuals, since the presence of non-residents was significant on it,” a representative of the Moscow Exchange explained.
Last week, the Central Bank unscheduledly increased the key rate by 350 bps at once. p., up to 12%. Such a significant increase in the financial indicator had an uneven impact on the debt market. Thus, the yield of short-term and medium-term bonds increased noticeably, while the yield on long-term OFZs even decreased.
Details – in the material “Kommersant” “Bet on the hour”.
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