voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2021-11-54-70voprecotest-3723Research ArticleФИНАНСОВАЯ ЭКОНОМИКАFINANCIAL ECONOMICSНеизведанные воды: инвесторы получают выход на иностранные биржевые фондыUncharted waters: Investors get access to foreign exchange-traded fundshttps://orcid.org/0000-0002-9044-5403МоисеевС. Р.MoiseevS. R.

Моисеев Сергей Рустамович, доктор экономических наук, советник первого заместителя Председателя Банка России

Москва

Sergey R. Moiseev

Moscow

 

msr@mail.cbr.ruЦентральный банк Российской ФедерацииРоссияBank of RussiaRussian Federation2021041120210115470Copyright © Voprosy Ekonomiki, NP, 20212021Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/3723

В 2022 г. российские инвесторы впервые получат доступ к неограниченным возможностям глобального финансового рынка. Банк России открывает для них рынок иностранных биржевых фондов — один из основных сберегательных инструментов для домохозяйств. Их экономика отличается от других фондов, паи которых не имеют вторичного обращения. Открытие рынка призвано решить ряд проблем розничных инвесторов: уйти от увлечения отдельными иностранными акциями в сторону портфельной диверсификации, снизить издержки, обеспечить устойчивую доходность, избавиться от агрессивной манеры торговли ценными бумагами, поддержать конкуренцию между управляющими компаниями. В скором времени биржевые фонды могут стать одной из движущих сил финансовых рынков. Однако их бурный рост чреват малоисследованными эффектами.

In 2022, Russian investors will get access to the wide possibilities of the global financial market. The Bank of Russia opens the market for foreign exchange-traded funds (ETFs) — one of the main savings instruments for households. The economy of ETFs differs from other investment funds, whose shares do not have secondary market. The opening of the ETFs market is intended to solve a number of issues for retail investors: moving away from the preference to individual foreign shares towards portfolio diversification, cost reduction, ensuring sustainable profitability, abandoning the aggressive securities trading, and supporting market competition. Soon, ETFs will be one of the driving forces in financial markets. However, their rapid growth is fraught with little-studied effects.

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The authors declare that there are no conflicts of interest present.