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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Russian SWF ready to invest in domestic stocks

Posted on 21 October 2008

From Forbes: Russia will let its sovereign wealth fund invest in domestic stocks as of Tuesday, a senior official said Monday, signaling the start of a pullout from foreign currency deposits and assets such as U.S. Treasuries.

Russia earmarked $6.7 billion from its $49.0 billion National Wealth Fund to buy stocks on the domestic market, which has fallen 72 percent since its May peak…… Full Article: Source


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