In 2024 Q2, investors maintained their interest in the stock market despite rising rates on bank deposits. The number of brokers' unique clients reached 32.4 million, and the net inflow of funds into their accounts totaled ₽299 billion.
Interest in shares was stirred up by issuers’ announcements of dividend payments, as well as initial public offerings (IPOs). In 2024 Q2 alone, there were five IPOs and two SPOs worth ₽53 billion. About 42% of this amount was purchased by retail investors.
The share of debt instruments in the brokers’ client portfolios increased due to substitute bonds and residents’ new issues. Investors preferred floating coupon bonds or those pegged to foreign currency.
Unit investment funds have been popular for the last six consecutive months. Their proportion among other assets reached a record 8%, mainly due to money market funds.
The total amount of brokerage clients’ assets totaled ₽9.4 trillion.
Fees from clients’ transactions in the stock market remain the main source of income for brokers. Their percentage in the revenues grew to 51%.
More details are available in the information and analytical commentary "Review of Key Indicators of Brokers for 2024 Q2."
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