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5 Feb, 2008 06:47

Russian investors pour cash into mutual funds

The turmoil in global markets may have caused big falls in Russian stocks, but it's also prompted private investors to pour money into mutual funds. In January alone they invested as much as $US 200 mln.

Experts say it's one of the best results in the past two years.

Private investors have been pulling money out of mutual funds since September.

However after the RTS index fell by 17 per cent in January, Russians started buying into the funds to take advantage of cheap shares.

Analysts say it comes as no surprise that Russians now have money to invest.