Translation. Region: Russian Federation –
Source: Moscow Exchange – Moscow Exchange –
An important disclaimer is at the bottom of this article.
More than 1.1 million people purchased shares in exchange-traded mutual funds (ETFs) on the Moscow Exchange in 2025. The total number of individual investors holding shares in these funds increased by 84% in 2025, exceeding 2.4 million.
The net asset value of mutual funds on the Moscow Exchange has increased almost one and a half times since the beginning of 2025, exceeding 1.5 trillion rubles.
Dmitry Danilenko, Director of Money Market Development at Moscow Exchange:
"The key rate remains high, and Russians are seeking to diversify their investments across various instruments that allow them to preserve capital and achieve market returns. In 2025, we saw a steady increase in investor interest in money market funds. Today, the assets of such funds account for approximately 2.5% of the total funds held by Russians in bank deposits. While this may seem modest, it has grown fivefold over the past two years. And we believe the potential for further growth is far from exhausted. Money market funds will not completely replace deposits, but they have already become a natural complement to them, indicating growing public confidence in exchange-traded instruments."
The average investment size of one private investor in mutual funds of the money market exceeds 750 thousand rubles.
The volume of individual transactions in money market fund units in 2025 amounted to 3.9 trillion rubles, a 54% increase from the previous year. The average daily trading volume of these mutual funds in 2025 was 13.4 billion rubles, a 35% increase from 2024.
Shares are available to investors on the Moscow Exchange stock market. 18 funds Money market funds (15 rubles and 3 yuan) from 13 management companies. All funds have daily capitalization, and the minimum unit price is approximately 2 rubles.
Money market funds invest in liquid, low-risk instruments, primarily through repo transactions. Over 90% of these assets come from private investors.
As a benchmark for the return of a money market fund, management companies can use the money market rate calculated by the Moscow Exchange. RUSFAR or the RUONIA rate calculated by the Bank of Russia.
The Moscow Exchange money market is one of the most important segments of the Russian financial market, used by large corporations, small companies, and individual investors to manage their liquidity. Money market instruments include repos with the Central Custody Transfer (CCT), repos with the Central Custody Transfer (CCT), repos with the Bank of Russia (CBR), interdealer repos, deposits with the CCT, loans, and deposit and loan auctions. Trading is organized by the Moscow Exchange, and clearing and settlement are performed by the National Clearing Center (NCC, part of the Moscow Exchange Group).
Contact information for media: 7 (495) 363-3232PR@moex.com
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.