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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Performance

VTB biggest Micex gainer on Qatar UBS hire report

Posted on 27 February 2013

VTB Group rebounded, headed for the biggest gain on Russia’s benchmark stock gauge, after Reuters reported Qatar’s sovereign wealth fund hired UBS AG (UBSN) for advice on a possible $3 billion investment in the bank.
The bank gained as much as 1.7 percent after falling 2.4 percent earlier and traded up 1.3 percent at 5.56 kopeks by 3:24 p.m. in Moscow. The amount of shares traded was 48 billion, equivalent to about 1.4 times the three-month average. The Micex tumbled 1.2 percent…………………………………..Full Article: Source


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