Irkutsk, Irkutsk region, Russian Federation
student
This article examines the challenges of developing a portfolio investment strategy for non-qualified investors amid the radical transformation of the Russian securities market. The authors analyze the current nature and causes of volatility in the financial market and identify the factors that currently drive it. Based on this, and after examining the legal restrictions for non-qualified investors, the authors propose an approach that combines factor investing with the use of permitted instruments: exchange-traded mutual funds (ETFs) and federal loan bonds (OFZs). Using optimization techniques and statistical modeling, a specific portfolio structure was developed with a target return of 15% and a low level of risk. A conclusion is drawn regarding the practical applicability of the proposed strategy as an adaptive tool for long-term capital preservation in the new reality of "administrative stability" in the Russian financial market.
investment portfolio, unqualified investors, volatility, factor investing, investment strategy
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