Central Europe and Russia Fund, Inc. announce increase of non-fundamental investment policy
The Central Europe and Russia Fund, Inc. announced today that its Board of Directors approved the increase of the Fund's non-fundamental investment policy that currently limits its investments in Russia to 66 2/3% of the Fund's total assets.
Russia is enjoying a flood of inward investment, which can only be helped by its recent accession to the World Trade Organisation, a report from Ernst & Young said yesterday.