Russian Government Bonds Fund ranks #1 by profitability for 1H2022
09.08.2022
Russian Government Bonds MF managed by MKB Investments is ranked by InvestFunds as the most profitable among funds of plain vanilla government bonds (fixed coupon OFZ) and the 4th largest bond fund by net asset value (NAV) for the first half of 2022.
Its net asset value exceeded RUB 647 mln as at 1 August 2022.
"Despite the existing restrictions, Russia's bond market demonstrates positive dynamics, and Russian Government Bonds Fund's profitability rose by 6.57% in the first half-year. This was due to our active approach to choosing the portfolio duration and overall recovery of the Russian debt market supported by the Bank of Russia’s key rate cuts, – explains Andrey Dyuryagin, Investment Director of MKB Investments. — We believe the key rate reduction cycle is not over yet, and bond portfolios are likely to continue showing higher returns in the nearest quarters. Bond funds will be interesting to investors seeking returns just above deposit rates and willing to take moderate risk".