Assets under management worth nearly ₽24 trillion
The value of assets under management increased, mostly driven by the inflows into unit investment funds (UIFs) and positive returns on investment, as reported in the Review of Key Indicators of Management Companies for 2024 Q3.
As usual, closed-end UIFs, primarily intended for qualified investors, accounted for the largest part (83%) of the inflows into UIFs. The market of exchange-traded UIFs demonstrated record-high results in 2024 Q3. In July—September alone, the net inflow into these UIFs soared by a factor of 3.5 to exceed ₽190 billion, which is the largest amount on record.
Investors opt for exchange-traded UIFs whose strategies imply short-term investment of clients’ funds in money market instruments — repos with the central counterparty. Returns on these instruments go up following the key rate increase. In 2024 Q3, their interest rates were comparable with those on bank deposits.