The largest US pension Fund can increase investments in bonds of the Russian Federation

The largest US pension Fund can increase investments in bonds of the Russian Federation


The ruble strengthened, the yields on bonds are very high, said senior Manager of investment portfolio of Calpers Mike Roseboro. He noted that if trends continue, the largest US pension Fund adds Russian bonds in your portfolio.

MOSCOW, 15 Oct. The largest US pension Fund California Public Employees Retirement System (Calpers, the pension System of civil servants of the state of California) may increase their investments in Russian bonds with a stable ruble, writes Bloomberg.

“Ruble has strengthened, and this is important. The yield on bonds is very high. If current trends continue, then I think we will add another Russian bonds in our portfolio”, — quotes Agency the statement of the senior portfolio Manager Calpers Mike Roseboro.

According to the Agency, currently the portfolio of Russian bonds (dollar-denominated Russian Eurobonds and Federal loan bonds linked to inflation) Calpers 300 billion USD, the share of investments in Federal loan bonds linked to inflation is only 5%.

Earlier, the Ministry of Finance of Russia has placed at auction Federal loan bonds linked to inflation in excess of 20 billion rubles. The demand at the auction reached more than 92 billion rubles, exceeding the volume of supply in 4.6 times.

In July, the Finance Ministry has held the first placement of OFZ linked to inflation for a total volume of 75 billion rubles at par. Then the inflationary demand for OFZ bonds exceeded supply by almost three times. Among investors, the foreign investors from USA, Europe and Asia. Almost a third of the securities purchased by foreign investors.