Translation. Region: Russian Federation –
Source: Central Bank of Russia
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The influx of new capital into the stock market in Q3 2025 was the highest since the beginning of 2021. Retail investors deposited 872 billion rubles into brokerage accounts, up 52% from the previous quarter. Three-quarters of this volume came from qualified investors.
This interest in stock market instruments is explained by a decrease in deposit rates against the backdrop of a general easing of monetary conditions.
The number of clients with assets increased from 5.1 million to 5.3 million, with beginning investors more likely to top up their accounts immediately after opening. The segment of clients with portfolios over 6 million rubles grew significantly, growing three times faster than the mass market segment.
Investors favored bonds, reaching 38% of their portfolio, while stocks accounted for only 25%. Long-term OFZs with fixed coupons, quasi-currency securities of exporters, and ruble-denominated corporate bonds were in demand.
Thanks to the influx of new money into brokerage accounts and the rise in the value of debt securities, retail investor assets grew from 11 trillion to 11.8 trillion rubles over the quarter.
Read more in"Review of Key Broker Indicators" for Q3 2025.
Preview photo: Midnight Studio TH / Shutterstock / Fotodom
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