New High-Tech Investment Fund Launched in Russia

Investment company Troika Dialog has created a fund that enables Russian retail investors to buy shares of domestic and foreign companies in the high technology and internet sectors.  The minimum first time buy in to the Troika fund is 30,000 rubles ($1,071), and Troika hopes to raise at least $10 million in the first year.  According to portfolio manager, Yury Karavan, Troika launched the fund in respond to high demand from local investors: "[t]he interest of local investors in international companies has increased after the Russian stock market slumped more than in other BRIC countries during the financial crisis."  The Troika fund joins a growing number of Russian investment funds aimed at tapping into the anticipated growth and Russia's increasing interest in the internet sector.

http://www.themoscowtimes.com/business/article/high-tech-investment-funds-getting-fashionable/440274.html