Money market funds – major trend in retail UIFs in 2024
According to management companies, the value of assets managed by them rose to ₽26.3 trillion in 2024, showing a 25.8% increase vs the figures of late 2023.
The major contributors were closed-end unit investment funds (UIFs) whose growth was largely driven by individual closed-end UIFs and a continuous appetite for real estate funds in 2024 Q4.
In the retail segment, money market exchange-traded UIFs accounted for nearly the entire inflow of funds. The popularity of these instruments had been growing throughout 2024 to reach its peak in 2024 Q4 when the net inflow of funds into them hit the historic high of ₽452 billion. The weighted average return on the ruble-denominated money market exchange-traded UIFs was 18.1% in 2024.
More details are available in the Review of Key Indicators of Management Companies for 2024 Q4.