Return on funds placed from NWF, Reserve Fund at 63% in rubles for 2014, 0.67% in forex - MinFin
MOSCOW. Feb 3 (Interfax) - Overall return on money placed from Russia's Reserve Fund and National Welfare Fund (NWF) in forex accounts with the Central Bank in 2014 totaled 0.67% per annum in permitted foreign currency and 63.03% expressed in rubles, the Finance Ministry said on its website.
In 2013, the yield on the two funds was 0.08% on a forex basis and 9.9% on a ruble basis.
Since inception, the Reserve Fund has yielded 1.75% annually (18.87% in ruble terms) and the NWF has yielded 1.74% (18.86%).
The yield of Reserve Fund money was 0.41% p.a. in the dollar account (1.16% p.a. since inception), 0.46% in the euro account (1.92% since inception) and 2.8% in the pounds sterling account (3.60% since inception).
The yield on NWF money was 0.41% p.a. in the dollar account (1.16% p.a. since inception), 0.46% in the euro account (1.90%) and 2.80% in the pounds sterling account (3.60%).
The return on NWF funds placed in ruble accounts at Vnesheconombank (VEB) was 6.45% in 2014 (6.69% p.a. since the NWF began placing funds on deposit) and the yield on dollar accounts at VEB was 3.24% p.a. (3.38%).
The yield from placement of funds in debt instruments of foreign states made without reference to long-term creditworthiness ratings was 5.00% p.a. (in dollars).