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Management companies offered an alternative to foreign stocks for non-professional investors

Management companies began to launch exchange-traded mutual funds (BPIF) in foreign currency in foreign stocks, according to RBC. The occasion was the discussion of prohibitions for qualified investors

Last week was launched three such funds: VTB Capital Investment launched two BPIF: for bonds of U.S. companies and shares of companies in developing countries. Alfa-Capital announced the launch of the first in Russia BEF in Euro on the shares of companies in the Eurozone.

BPIF — analog foreign exchange traded funds ETFs. They allow you to buy shares of several companies and not individually. ETF commenced trading on the Moscow exchange in 2013, and the first BPIP in 2018.

According to experts, BPIF allow investors to invest in foreign securities with a minimum market entry and low commissions for such transactions do not need to go through a complex qualification procedure.

In may 2019 the state Duma in the first reading adopted a bill that introduces four new categories of private investors and limits the participation of citizens with no experience of investments.

In July it was reportedthat the Central Bank has proposed to prohibit non-qualified investors to directly buy stocks of foreign companies. The consideration of the bill in the new edition is scheduled for autumn.

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