Data on Share Sales
to Russian Voucher Funds

(% of funds rating at given level participant's activity in selling shares)
				Very  Moderate	Not active
Other voucher funds		50.8	31.1	18.1      
Domestic commercial entities	22.1	33.6	44.3      
Workers				21.3	32.8	45.9      
Banks/financial institutions	13.1	25.4	61.5      
Domestic individual investors	12.3	40.2	47.5      
Managers 			2.5	3.3	94.3      
Foreign investors		0.8	2.5	96.7

SourceFrydman, Pistor, and Rapaczynski, Table 21.

topic Enterprise Restructuring in the FSU