In April 2023, Russian equity funds provided the highest returns to shareholders. The newspaper wrote that the value of the shares of such funds increased by 5-10% month-on-month. “Kommersant” With reference to Investfunds data. Other funds showed lower returns.
“The main factor affecting the growth of Russian issuers’ share prices is the expectation of large-scale dividend payments. After the dividend announcement by Sberbank, which turned out to be a record in the history of the issuer, the market was waiting for possible payments from other companies, ”the report said.
In April, the boards of LUKOIL, NOVATEK, Tatneft also recommended high dividends.
In addition, the publication facilitated the trend with the weakening of the ruble, the lowering of the Ural discount to Brent, which was positive for oil and gas exporters.
According to InvestFunds, 182 of the 187 major retail funds (with assets above 100 million rubles) increased in share value in April.
Former market experts acceptedAgainst the background of many economic difficulties, the dividend yield of many Russian companies will approach double digits in 2023.