Assets under management exceed ₽18 trillion
Management companies increased their portfolios in all key segments of their activity. About 80% of the quarterly growth was due to a rise in the net asset value of unit investment funds (UIFs) driven by a record inflow of funds from unit holders and positive returns on UIFs. The positive revaluation of assets contributed to a significant increase in the portfolio of management companies in the trust management segment. The value of insurers' reserves and equity capitals under management went up as well. The amount of resources of non-governmental pension funds under management also grew owing to coupons on debt securities and higher prices for shares.
In 2023 Q3, the net inflow of UIFs' resources totalled ₽768.9 billion that was the highest value on record. Closed-end UIFs were still the major contributors (85%). The total value of UIFs’ net assets gained 14.2% to total ₽10.2 trillion. The overall number of unit holders in UIFs increased by almost one million in July—September. Consequently, the number of retail unit holders reached ten million people.
The remuneration of management companies for the first nine months went up to ₽69.5 billion. More than half of this amount was the remuneration for managing UIFs. The proportion of the remuneration for managing resources of non-governmental pension funds was 22.8%, while those for trust management and for managing insurers’ funds — 15.8% and 1.7%, respectively.
More details are available in the Review of Key Indicators of Management Companies for 2023 Q3.
Starting from the reporting for 2023 Q3, the Bank of Russia begins to publish data on accounting (financial) statements as regards management companies licensed to manage investment funds, unit investment funds, non-governmental pension funds, and securities.
The following information on management companies is now available to analysts:
- detailed data on assets, liabilities, and capital
- detailed data on types of income and expenses.