In the first quarter of 2025, the growth rate of individual investment accounts (IIAs) opened under brokerage agreements saw a decline, with 82,000 new accounts compared to 137,000 in the fourth quarter of 2024. Despite this slowdown, the number of type 3 IIAs remains significantly higher than in early 2024 when this financial instrument was newly introduced and investors were beginning to explore its potential benefits.
Major market participants report that the total number of type 3 IIAs has reached nearly 866,000, reflecting an increase of 198,000 during the first quarter of 2025. Over 90% of these are new accounts, while the remaining have been converted from type 1 and type 2 IIAs.
While there was a slight decline in fund inflows into IIAs from one quarter to the next, they remain robust. The overall portfolios in IIAs grew to ₽637 billion due to clients’ net contributions and favorable securities revaluation. According to leading companies in the sector, assets specifically within type 3 IIAs amounted to ₽183 billion—an increase of ₽67 billion compared to the previous quarter.
Further information can be found in the publication “Individual Investment Accounts: Trends in Q1 2025.”
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