Client assets under management approach ₽36 trillion by end of 2026 Q2
Unit investment funds (UIFs) accounted for over 80% of the increase in the net asset value, with another 16% coming from funds under trust management agreements.
Following a decline in 2026 Q1, the net inflow of money into UIFs rose by 1.6% to ₽832.7 billion, driven mainly by open-end funds. Investors most frequently opted for strategies focused on debt securities and money market instruments. Unit holders’ appetite for bond funds was the highest at the beginning and in the middle of the second quarter, when investors anticipated a further monetary easing. However, after the market revised in June its expectations regarding a further key rate path, inflows into open-end UIFs plummeted.
Closed-end UIFs – traditional leaders in the collective investment market – saw a 2.9% decline in net inflows from the high level of the previous quarter. This was driven by a nearly 50% dive in net inflows into corporate closed-end UIFs and a 4% drop in those into retail funds between April and June. Concurrently, investments in individual closed-end UIFs registered significant growth.
In the retail trust management segment, growth was primarily due to non-qualified investors with assets ranging from ₽10,000 to ₽100,000 (+2,800 individuals), with qualified investors losing their leading role. Major players attracted clients to products available through mobile applications and agent networks. Assets under trust management grew by 5% to ₽3.7 trillion by the end of the second quarter.
More details are available in the Review of Key Indicators of Management Companies for 2026 Q2.