Andrey Vernikov, head of the department of investment analysis and training at the Univer Capital IG, in an interview with the Prime agency, called the Russians a product that is dangerous for investment.
According to the financier, these are high yield bonds. The specialist believes that they are often bought out of emotion, and not guided by knowledge of financial instruments, while there are tangible “wild distortions” in the market.
“For example, the Central Bank rate increased, OFZ (federal loan bonds – approx. Lenta.ru) reacted to this, and high-yield bonds remained at the same yields,” Vernikov said.
He also cited China as an example and noted that recently there has been a lot of data about falsification of accounts in small and medium-sized companies in the country, so their real stability is difficult to determine and one needs to be careful about the shares of these companies.
Earlier, the head of the department of investment analysis and training at the IG “Univer Capital” explained that the best way to protect savings from inflation is to focus on investments in improving the quality of life. In his opinion, it could be education or buying real estate.