Russia seeks greater gains for SWF

Senior Russian politicians have backed plans to create a government agency to enable its sovereign wealth fund to pursue a riskier investment strategy, according to media reports.

The assets of the country's National Wealth Fund are now managed by the country's central bank. But Russian law restricts the central bank from investing in riskier products, meaning that the fund's assets have been invested in safer instruments, which garner a lower return.

Reuters, a news agency, reported on Wedne