Assets of non-residents in Russian brokerage accounts exceeded 2 trillion rubles

At the same time, the cost of securities in brokerage accounts of non-residents in July-September increased by 12.5%, reaching 1.97 trillion rubles. The growth since January 1 of this year was 52.5%, a figure that exceeds the general performance of the Russian stock market, the newspaper notes. Since the beginning of the year, both Moscow Stock Exchange indices have fallen by almost 17%.

Assets of UAE clients showed significant growth. They multiplied by 2.5, up to 338 billion rubles. The increase was ensured by the increase in the securities portfolio, the price of which increased by 2.8 times, up to 307 billion rubles.

According to Igor Danilenko, head of the asset management department at Renaissance Capital, the main inflow of funds comes from securities by writing off portfolios on the outer perimeter, while assets of this type still remain blocked in type C accounts .

Assets in American client accounts increased from 2.5 billion to 34 billion rubles, of which 31 billion rubles were securities. In the third quarter of 2022, against the background of sanctions, the value of such assets was less than 700 million rubles.

According to Danilenko, the growth cannot be due to the influx of new money, but to the reclassification of assets within the framework of the decree on the transfer of NSD holdings to share registries. “Previously, assets could be stored centrally in one or several foreign deposits at NSD; after reclassification, different jurisdictions could become visible,” the expert explained.