Money market funds drive retail UIF growth in 2024

Elvira Nabiullina Governor of the Central Bank of Russia - Official website
Elvira Nabiullina Governor of the Central Bank of Russia - Official website
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The value of assets managed by management companies rose to ₽26.3 trillion in 2024, marking a 25.8% increase compared to the end of 2023, according to management companies.

Closed-end unit investment funds (UIFs) were major contributors to this growth, driven largely by individual closed-end UIFs and a sustained interest in real estate funds during the fourth quarter of 2024.

In the retail segment, money market exchange-traded UIFs saw nearly all the inflow of funds. The popularity of these instruments increased throughout 2024, reaching its peak in the fourth quarter when net inflows hit a historic high of ₽452 billion. The weighted average return on ruble-denominated money market exchange-traded UIFs was reported at 18.1% for the year.

Further details can be found in the Review of Key Indicators of Management Companies for the fourth quarter of 2024.



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