The fund’s stake of 368,700 shares cost US $15.9 million as of the end of 2013.
T.Rowe Price, one of the US largest funds, manages assets worth $521 billion.
Yandex owns Russia’s most popular internet search engine and the internet portal. The company is owned by its CEO Arkady Volozh, investment company Baring Vostok Capital Partners, and others. Yandex’ capitalization amounts to $8.66 billion on the NASDAQ exchange.