Around one million new investors appear in stock market in Q2
In Q2, the number of individual brokerage customers increased by 970 thousand (19.4%) to nearly 6 million persons. The massive inflow of private investors was mainly due to the key rate cut and the ensuing decline in the yield on deposits as well as the recovery of the stock market after the volatility observed in Q1. Moreover, the share of active customers expanded to 17.3%, report the materials of the Bank of Russia on the results of the activities of professional securities market participants in 2020 Q2.
The number of trust management customers also grew by 2.9% to 400.7 thousand.
Investors continue to open individual investment accounts (IIA). Their number reached 2.386 million by the end of the quarter. Over the quarter, total assets in IIAs increased by 13.1% to 245.9 billion rubles, of which 69% (168.8 billion rubles) are in brokerage accounts. The bulk of assets in brokerage accounts are shares, depository receipts and bonds. The average size of a brokerage IIA decreased to 80 thousand rubles, whereas the average size of an IIA in trust management grew to 292 thousand rubles.