On the question of the investment attractiveness of shares of non-state pension funds

Abstract

The issue of investment attractiveness of shares of non-state pension funds is considered in the context of the current state of the stock market of these large institutional investors and the peculiarities of their legal regulation. The author analyzes the essential characteristics of such an economic category as investment attractiveness, legislative provisions regarding the activities of Russian non-state pension funds and the circulation of their shares on the market. The author comes to the conclusion that there is no liquid market for NPF shares in Russia and that there are current conditions that reduce the attractiveness of the pension capital management business for strategic investors.