Gazprom could be able to build Turkish Stream using project financingBusiness & Economy February 28, 7:10
Finland, Russia have no serious problems in their relations — top diplomatWorld February 27, 21:49
Brazil's joyful carnivalSociety & Culture February 27, 21:30
Syrian opposition has no dialog partner seeking peace — chief negotiatorWorld February 27, 20:37
About 40 Arctic projects may be in Russia's Yamal backbone zone — governorBusiness & Economy February 27, 19:28
Russian Defense Ministry forms special purpose division near MoscowMilitary & Defense February 27, 19:13
Russian frigate in Mediterranean to deliver no strikes on terrorists in Syria — sourceMilitary & Defense February 27, 18:54
First stage of Arkhangelsk deepwater port to go operational by 2025Business & Economy February 27, 18:45
Cairo group says military option in Syria 'ruled out' after recapture of AleppoWorld February 27, 18:31
MOSCOW, May 30. /ITAR-TASS/PRIME/. The funds of Morgan Stanley Group have slashed their investments in Russian stocks and bonds by almost 30% in January-March, they said in documents filed to the US Securities and Exchange Commission on Friday.
The Morgan Stanley Eastern Europe Fund cut its Russian portfolio to $27.13 million from $35.8 million by decreasing its holding of all stocks except AFK Sistema, Russia’s leading services conglomerate. The fund sold its stake in X5 retail Group and bought a stake in PhosAgro fertilizer maker.
The MS Emerging Markets Fund decreased investments in Russian shares to $6 million from $10.3 million by selling its stake in MegaFon cell phone company and Eurasia Drilling, and cutting stakes in energy firms Novatek and Lukoil and Mail.Ru Internet group. Also the fund also raised the stake in AFK Sistema by $600,000 and left the stake in Yandex search engine intact.
Morgan Stanley’s investments in the country’s sovereign and corporate bonds decreased by $10 million to $22.9 million in January-March. The fund has also lowered its holding of Vnesheconombank and Russian Railways bonds, but increased its holding of Russian Agricultural Bank’s debt and bought Sberbank’s bonds worth $2.75 million.