10.11.2010 - Kazakh Fund may cut U.S. treasuries, add Brazil debt
From Bloomberg: Kazakhstan’s National Oil Fund may reduce holdings of U.S. Treasuries and invest in Brazilian and South Korean debt, central bank Chairman Grigori Marchenko said. “There won’t be a radical cut in the share of National Oil Fund assets invested in U.S. debt,” Marchenko said during a Nov. 2 interview in the financial capital, Almaty. “In theory, the share could be cut to 35 percent from 40 percent, but this must be a considered, step-by-step decision.”.............................................Full Article: Source
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