Template-Type: ReDIF-Article 1.0
Author-Name:Elizaveta Khudko
Author-Name-First:Elizaveta              
Author-Name-Last: Khudko
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:E.Gorbatikov
Author-Name-First:E.              
Author-Name-Last: Gorbatikov
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title:  RUSSIA’S FINANCIAL MARKETS IN AUGUST 2015
Abstract: The MICEX Index in August showed a growth of more than 7% with an average of 1677 index points regardless
of the fact that crude oil prices saw a downside trend. All of the Industry Indices were growing, of which the
Chemical and Petrochemical Index advansed higher than others (+17.2%). Russia-focused mutual funds continued
to see investments outflow for the fourteenth straight week, almost $880m since the beginning of the year.
The situation in the Russian domestic corporate bond market deteriorated gradually due to adverse trends in the
external markets. The key adverse developments were driven by the weighted average yield rate of bond issuances,
and issuers’ defaults on obligations to bondholders still remained a problem. Nevertheless, the key market
indicators such as the corporate bond market volume and index followed moderately positive dynamics; investors’
activity in the primary and secondary markets was kept at an average level.
Classification-JEL: E30, E31, C81, L11
Keywords: Financial markets, Russian economy
Journal: Russian Economic Developments
Year: 2015
Issue: 9
Month: September
Pages: 9-13
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/580Khudko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:580