The Ucits-compliant portfolios will offer exposure to the Russian equity and bond markets, and are based on established Troika strategies.
The Russian Long Term Capital Appreciation Fund will invest in a diversified selection of blue chip, mid- and small-cap equities, Troika said. Ideas for the portfolio will be taken from strategies such as Dobrynia Nikitich and Potential – launched in 1997 and 2005 respectively.
Russian Fixed Income, meanwhile, will hold ruble-denominated sovereign, municipal and corporate bonds with medium- to long-term duration, and high credit quality. It will focus on issuers with expected improvements in credit quality and/or ratings, and is based on the Ilya Muromets Fund.
Anton Rakhmanov, head of Troika Dialog Asset Management, said: “We are confident that our insight and experience of the Russian market offered alongside the regulatory and capital security benefits of the Ucits platform will entice international investors looking to diversify their current holdings.
“With $3.3bn of assets currently under management, our disciplined investment approach and robust risk management will enable us to optimise these opportunities for our clients.”
Sberbank, Russia’s largest bank, will be the key investor in the funds and it is expected that each portfolio will be seeded with $50m.
