Credit Suisse has launched a new equity fund called the Russia Explorer, which offers investors exposure to Russian, Post-Soviet states in C...

Credit Suisse has launched a new equity fund called the Russia Explorer, which offers investors exposure to Russian, Post-Soviet states in Central Asia, and Eastern European investment opportunities. The Swiss bank believes investor enthusiasm for opportunities in these parts of the world is growing, fuelled by strong economic growth in the region with growth rates consistently above 6.5 per cent in recent years. The Russian economy is also poised to become the fifth largest economy in the world. Credit Suisse said that up to 30 per cent of the fund’s assets will be dedicated to seeking the investment opportunities in the non-Russia portion of the investment universe (Central Asian countries such as Ukraine and Kazakhstan). Elizabeth Eaton, the fund manager in charge of the Russia Explorer fund said: “Credit Suisse has a successful track record of investing in Russia and Central Asia. Using this expertise we are launching this fund to meet the increasing demands from clients wishing to invest in the region.” Credit Suisse is looking to attract both retail and institutional money to the fund.