Russian mutual funds now manage over $2bn, Andrey Podoynitsyn, the President of the National Managers League, told RBC TV journalists. According to him, this business develops at a fantastic rate.
Direct investment funds in accordance to Russian law can not invest in Russian companies less than 25 percent of their registered fund, experts say. Therefore, according to analysts, the minimal possible amount of investments totals millions dollars.
Domestic investments contributed 25 to 30 percent of overall investments in Russian companies made by direct investments funds. Domestic investments are less compared to foreign investments, as Russian players can easily borrow money from banks, analysts say.
The majority of Russian direct investment funds represent the interests of foreign investors rather than domestic.
Chinese President Xi Jinping warned his new US counterpart Joe Biden not to push Europe into an alliance against Beijing