Over 30 percent. The Central Bank called the most profitable asset in October

In October, the largest profit for investors came from shares of construction companies - the full yield was 31.6%. This is reported in the “Review of risks of financial markets” of the Bank of Russia for October 2026. In general, all industry equity indices showed positive results last month amid rising oil prices and in anticipation of positive geopolitical news for Russia.

So, the index of the Moscow Exchange for the month increased by 10.7%. The highest yield for the month, in addition to the construction sector, showed the papers from the sectors:

electricity (+15.9%); transport (+14.7%); oil and gas (+13.5%); chemical production (+12.5%); IT (+12.1%).

In addition to investments in stocks, in October, OFZ (2.2%) and corporate bonds with credit ratings of “AAA” and “AA” (1.5 and 1.6%, respectively) had positive yields. Positive results were brought to investors by investments in ruble deposits (1%) and ruble BPIF of the money market (1.1%).

Negative full yield at the end of the month was for gold (-8.5%) and deposits in foreign currencies: in euros (-6.6%), in US dollars (-4.5%) and in yuan (-3.8%). Replacement bonds also showed a negative yield (-2.4%). At the same time, the largest losses were incurred by cryptocurrencies (-11.5%) amid the hacking of the cryptocurrency exchange Binance and expectations for the Fed rate.

Since the beginning of 2026, the largest full yield among financial market instruments was demonstrated by corporate bonds, deposits denominated in foreign currency and rubles, as well as ruble BPIF of the money market.

According to the bank, since the beginning of the year, corporate bonds have had the highest total yield (from 4.9 to 13.9%). Investments in deposits denominated in rubles brought 12.7%, and ruble BPIF of the money market showed a yield of 12.4%. Deposits denominated in U.S. yuan showed a full return of 12.5%, and deposits in dollars - plus 5.8%.

The worst results since the beginning of the year show the shares of the metallurgical sector, the construction industry, and retail (-29.7, -17 and -16.6%, respectively). Gold has lost 7.8 percent since the beginning of the year.

At the same time, as noted in the Bank of Russia, since the beginning of 2022, gold remains the leader in terms of full yield - 132.9%. Also, significant profits during this period were brought by deposits in national currency (79.9%), ruble BPIF of the money market (93.5%) and corporate bonds. Their yields were comparable to the yield of cryptocurrencies for the same period - in the amount of 80%.

In 2025, there was a rally in the gold market, which continued in early 2026. The record high for gold prices was recorded on January 29 - $ 5,626.8 per troy ounce. However, then prices for the precious metal began to adjust and in June fell below $4,000 per ounce.

At the end of September, according to the Bank of Russia, the best result was shown by investments in shares of the oil and gas sector (+9.1%) and in securities of the IT industry (+5.3%), and the most significant decrease was shown by shares of builders. According to the results of nine months, deposits denominated in foreign currency showed the largest full return among financial market instruments. They brought investors from 6.1 to 16.7%, with the maximum result showed deposits in yuan.