In the second quarter of 2025, the number of individual investment accounts (IIAs) in Russia grew by nearly 94,000, bringing the total to over 6.2 million. Brokers’ clients continued to deposit funds into IIAs and showed a preference for bonds when choosing assets.
The net inflow of funds into brokerage accounts reached ₽39 billion, compared to ₽36 billion in the first quarter of 2025. This increase was attributed to both the replenishment of IIAs and a positive revaluation of Russian bonds, resulting in total IIA assets reaching ₽680 billion.
Investors increased their allocation to debt securities, which made up 39% of portfolios. The share of Russian equities dropped to 33%, marking its lowest point since the second quarter of 2023. Cash holdings accounted for only 6% of portfolios.
More information can be found in the publication “Individual Investment Accounts: Trends in 2025 Q2.”
