(Bloomberg) -- Chinese and Russian sovereign wealth
funds intend to invest primarily in corporate bonds and stocks,
said Clay Lowery, the U.S. Treasury's top international official,
citing feedback from the governments of both countries.
``When asked about the possibility of foreign direct
investment acquisitions, officials in both countries indicated
that isn't in their current planning,'' Lowery said today in the
text of a speech on sovereign wealth funds in San Francisco.
Read more at Bloomberg Currencies News
funds intend to invest primarily in corporate bonds and stocks,
said Clay Lowery, the U.S. Treasury's top international official,
citing feedback from the governments of both countries.
``When asked about the possibility of foreign direct
investment acquisitions, officials in both countries indicated
that isn't in their current planning,'' Lowery said today in the
text of a speech on sovereign wealth funds in San Francisco.
Read more at Bloomberg Currencies News
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