Investors choose type 3 IIAs
In 2024 Q2, retail investors tended to open type 3 individual investment accounts (IIAs) more often and close old IIAs more rarely. Amid growing interest in the new product, the inflow of funds into brokerage IIAs exceeded the outflow from accounts.
During the quarter, brokers’ clients opened 147,000 new accounts and closed 123,000 old ones. The number of IIAs under trust management continued to decrease because clients were exiting large-scale standard strategies. Investors preferred other instruments amid high interest rates in the market. The total number of opened IIAs was 5.9 million. The amount of net credits to these accounts reached ₽6 billion in the market as a whole.
See details in the publication Individual Investment Accounts: Trends in 2024 Q2.