IIAs gain popularity
In 2025 Q3, the number of individual investment accounts (IIAs) went up by 72,000 to 6.3 million. Investors notably increased deposits in IIAs, predominantly choosing Russian bonds and money market funds for investments.
The net inflow of funds into IIAs came in at ₽59 billion, which was the maximum amount since early 2025. Substantial deposits and a positive revaluation of Russian bonds entailed expansion of portfolios in IIAs to ₽753 billion.
Open-end unit investment funds providing access to tax benefits offered by IIAs are gradually gaining popularity. This collective investment vehicle is attractive to investors who have traditionally opted for standard trust management strategies.
More details are available in the publication Individual Investment Accounts: Trends in 2025 Q3.