This compartment invests primarily in Russian equities. It may also, on an ancillary basis, invest in other financial instruments. The portfolio consists of two parts: a Core and a Best Ideas portfolio.The first is actively managed within the benchmark universe and generally invests in large cap securities with the objective to ensure liquid market exposure. The second generally invests in small and medium cap stocks not included in the benchmark and focuses on adding value by stock picking supported by on the ground research capabilities.