Guidelines for the Development of the Russian Financial Market
Bank of Russia
FINANCIAL SECTOR OVERVIEW
The Central Bank of the Russian Federation
SECURITIES MARKET (3)
Equity market provides strong growth potential
Figures 22-24: Equities market volume breakdown by investor type as of March 1, 2018
2013
4%
40%
10%
11%
Local funds
■Local retail investors
■Local banks and brokers
2016
34%
47%
3%
10%
8%
■Local corporates
■Foreign investors
2%
2017
32%
48%
8%
5%
32
36%
Figure 25: Russian equities market volume proves stable (RUB tn)
Figure 26: Domestic market capitalization to GDP ratio reflects
undervalued Russian financial market (of GDP, %)
Trading volumes, RUB tn, Ihs
MICEX Index, rhs
2016 2017
3
2.5
2.5
2
1.5
1
1.664
2.200
180
2.112
Total value in 2017-619 USD bn
2.3 2.100
150
0.5
THE
2.000
120
1.900
90
1.800
60
1.700
30
48.5
39.0
...
0
1.600
0
01.15 04.15 07.15 10.15 01.16 04.16 07.16 10.16 01.17 04.17 07.17 10.17
UK
Japan
Korea
US
China
Russia
Euro area
Source: Thomson Reuters, Moscow Exchange, International Monetary Fund and World Federation of ExchangesView entire presentation