The value of assets under management saw an increase, primarily driven by inflows into unit investment funds (UIFs) and positive returns on investments. This information was detailed in the Review of Key Indicators of Management Companies for the third quarter of 2024.
Closed-end UIFs, mainly targeted at qualified investors, made up the largest portion (83%) of these inflows. The market for exchange-traded UIFs reached record levels during this period. Between July and September, net inflow into these UIFs surged by a factor of 3.5, surpassing ₽190 billion, marking the highest amount recorded.
Investors are choosing exchange-traded UIFs that employ strategies involving short-term investments in money market instruments like repos with a central counterparty. The returns on these instruments have risen following an increase in the key rate. In the third quarter of 2024, their interest rates were comparable to those offered by bank deposits.