Exchange-traded UIFs keep gaining popularity in 2020

In 2020, the total net asset value of exchange-traded unit investment funds (EUIFs) surged more than fivefold to 86 billion rubles. In the fourth quarter, net inflow of funds in EUIFs (35.2 billion rubles) nearly equalled that of open-end UIFs (OUIFs) (40.1 billion rubles); however, the aggregate size of the OUIF segment by net asset value is incomparably larger — 667 billion rubles as of end-2020.

The EUIF market is expanding vividly owing to the interest by private investors, among other things. These funds are highly liquid with low commissions, therefore they are popular among investors with relatively small trading accounts. During the year, the average amount of retail investments into EUIFs declined from 95 to 28 thousand rubles against 536 thousand rubles in OUIFs.

Further details of the market situation in 2020 are available in the Review of Key Indicators of Unit Investment Funds and Joint-stock Investment Funds.