The expert spoke about the risk of losing money in mutual funds due to bloggers


Non-professional bloggers who develop strategies for mutual funds (mutual funds) create risks of losing their invested money. This was reported to Izvestia by the Dean of the Higher School of Finance of the Russian University of Economics. Plekhanova, economist Konstantin Ordov.
On May 14, the central bank published a review of the risks of financial markets, in which it identified, among other things, funds managed by financial bloggers.
"When non—professionals take over investment management, of course, the risk of losing funds, the risk of ineffective management, and the risk of fraud increases dramatically," the expert emphasized.
According to him, after the increase in the key interest rate on the Russian stock market, there is an outflow of funds from mutual funds — investors are reviewing their strategies and using other financial instruments. As Ordov noted, the biggest problem now is to attract capital to mutual funds.
"In this regard, bloggers have this unique audience that is ready to listen to them, ready to follow them," the economist agreed.
If a person wants to invest in a mutual fund according to the blogger's strategy, it is necessary to study what risk management measures are provided for in the fund, and whether there are large co-investors, for example, banks.
As the expert emphasized, the main thing is that marketing advertising by bloggers should not replace effective risk management, which should be embedded in "the formation of the investment portfolio itself by this mutual fund."
Earlier, on April 24, it was reported that the average level of deposit rates decreased to 19.1%, while the profitability of Mutual funds in the money market reached 21-22%. In addition, it was noted that investments in money funds can be 2-3% more profitable than in standard savings products.
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