Investors are showing increased interest in individual investment accounts (IIAs), with the number of such accounts rising by 32,000 in the third quarter of 2024. This brings the total to 6 million, matching the highest recorded figure from the fourth quarter of 2023.
The growth is attributed to broker clients depositing a net ₽21 billion rubles into IIAs, marking a record amount since late 2022. In contrast, there has been an outflow of funds from the trust management segment as investors shift away from large-scale strategies due to higher returns available from other instruments.
Investment preferences among IIA owners have seen little change. Portfolios remain largely dominated by shares of Russian issuers. However, variable coupon-income bonds have gained popularity as they offer reduced interest rate risk amid increasing rates.
Further information can be found in the publication "Individual Investment Accounts: Trends in 2024 Q3."