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SBD Global/September 25, 2013/Finance
Russian Investment Fund Will Try And Cash In On Sports Teams, Apparel Companies
Published September 25, 2013
ROSTER NOT SET: At the moment, the list of companies in whose stock individuals will be able to invest is not certain. What is known is that the proportion of one company will not exceed 10%. About 30% of the fund’s entire portfolio will be made up by Russian companies, most likely by bonds issued by sponsors of major sports teams. Analysts say the idea of a sports investment fund could work, although it's unlikely to bring about a new trend. "In principle, the idea is interesting," Investment group UNIVER Capital Head of Analytical Research Dmitry Aleksandrov told SBD Global, pointing out that the fund is being launched at a time when people's interest in investment funds has substantially declined in Russia and it comes as more of an "idea" product. Aleksandrov: "I don't think there will be an active growth in funds of that kind. This would rather be an attempt to check niche interests of retail investors."
Vladimir Kozlov is a writer in Moscow.