Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Net inflows into mutual investment funds (MIFs) increased by more than a third in 2025, reaching 2.8 trillion rubles. This was just short of the 2023 record, when inflows exceeded 2.9 trillion rubles. Closed-end funds continued to account for the bulk of the inflows into MIFs.
However, last year, public interest in open-end bond mutual funds increased, with investments in them growing most rapidly. Money market exchange-traded funds also enjoyed popularity among investors, with returns remaining attractive despite the key rate cut.
The influx of funds and their positive returns accounted for the bulk of the growth in the value of management companies' client assets. In 2025, it grew by a quarter to 32.6 trillion rubles.
The volume of assets under trust management in the fourth quarter reached a new high since the beginning of monitoring in 2017, reaching 3.3 trillion rubles. Unqualified investors, who were exiting mass strategies, continued to be replaced by qualified investors with individual contracts. In total, retail investors invested 172 billion rubles in trust management, compared to 60 billion rubles the previous year.
Read more in"Review of key performance indicators of management companies for the fourth quarter of 2025".
Preview photo: Fish studio / Shutterstock / Fotodom
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.