Bloomberg: foreigners are taken out of the "boring" Russian shares of $ 435 million

Analysts interviewed by the agency to explain the behavior of investors' concerns about the termination of the growth of quotations of Russian stocks rally after the extinction of the oil (from the beginning of 2016 the RTS index rose by more than 20%, a barrel of Brent crude for the period has risen in price by about a third), says RBC.

"At some point the ETF were a good tool for tactical investments in Russia, but the situation has changed, and investors began to leave. Russian shares rise when growing (the price of) crude oil, and fall, when (the price of) crude oil falls, but now it is rather dull market without a lot of potential ", - said Bloomberg portfolio manager at R-Squared Capital Management LP Rudolph-Riad Eunice, last year sold a stake in the largest exchange-traded fund, which specializes in Russian, which is held since 2009.

Slowing the growth of oil prices, according to analysts, will lead to the recovery of the Russian economy will be slow for a long time. For investors, this means that it is time to look for attractive opportunities in other markets, said the expert.

According to Bank of Russia estimates, net capital outflow from Russia in the first 5 months of this year, according to a preliminary assessment of the balance of payments amounted to $ 12.7 billion. At the end of 2015 the net outflow of capital from the private sector amounted to $ 56.9 billion against $ 153 billion in 2014