The analyst spoke about current financial instruments
Investments in foreign exchange instruments, such as cash and foreign currency deposits, remain relevant. Natalia Vashchelyuk, a senior analyst at the First Management Company, told Izvestia on April 3.
She explained that if cash only protects against devaluation, then deposits allow you to earn interest income, mainly up to 6% in yuan. The expert mentioned gold and shares of exporting companies as alternatives, although their profitability depends on external factors.
Of particular interest, according to the expert, is the market for replacement bonds issued instead of blocked Eurobonds.
"These instruments are denominated in foreign currency, but income is paid in rubles," she said.
Among the advantages of replacement bonds, the expert highlighted high yields (7-8%), currency diversification (dollars, euros, francs), accessibility through Russian infrastructure, and the possibility of diversification by issuers (corporate and sovereign bonds).
"When choosing such bonds, it is important to take into account the creditworthiness of the issuer, maturity, profitability and liquidity," she added.
The expert also noted that the strengthening of the ruble opens up new opportunities for saving and increasing capital.
"The variety of instruments — from cash and deposits to gold and bonds — allows investors to choose the best options. Substitute bonds, combining profitability and currency protection, can be an interesting choice, taking into account individual goals and risk appetite," Vashchelyuk summed up.
The information in the material is not an investment recommendation.
Earlier, on January 18, Evgeny Shatov, a partner at Capital Lab, told Izvestia about current investment instruments. According to him, gold and silver retain their role as protective assets in the face of geopolitical instability and inflationary pressures. These instruments can become an important part of a diversified portfolio.
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