Russia plans to invest part of its $71.5 billion Stabilization fund in foreign equities, a senior economic adviser to President Arkady Dvorkovich said.
Russia's Stabilisation fund is overfilled with vast oil revenues. Dvorkovich did not revealed, how much of the fund would be invested in shares.
He said the investments will be managed by top international fund managers, not the government.
Until now Russia?s government has only committed to investing some of the money from the fund in government securities.
?Bureaucrats should not manage that money but it should be put under the management of those who work in the ... market. We need to choose the leading fund management companies,? Dvorkovich said.
705
Russia To Invest in Foreign Equities
Russia plans to invest part of its $71.5 billion Stabilization fund
