Russia's Troika Dialog investment company has formed a 50.43 million ruble ($1.66 million) open mutual fund to invest in the BRIC countries, the company said on Monday.
"On the one hand, the fund helps our clients invest in the most fast-growing world economies and diversify their investment geographically," Troika Dialog Managing Director Anton Rakhmanov said. "On the other hand, it gives an opportunity to diversify away from raw materials, considering that Russia and Brazil are largely the suppliers of raw materials, while the economies of India and China are their consumers".
The fund started to issue investment units at the beginning of October 2010, the company said.
RIA Novosti
