Almost 11 million retail investors entrust their assets to UIFs
The value of assets managed by management companies was up 5.8% in 2024 Q1. Unit investment funds (UIFs) showed the highest growth in assets again, still holding 60% of the total amount of assets under management.
The inflow of funds was primarily driven by close-end UIFs focused on corporate investors. In addition, there was great demand for closed-end UIFs for general retail investors the strategies of which are aimed at investing in commercial real estate, first of all in warehouse facilities.
Assets under management of retail funds were also growing. The major portion of the inflow came from exchange-traded UIFs focused on short-term placements of client funds in money market instruments, as well as from open-end UIFs paying distributions.
In 2024 Q1, the overall number of unit holders increased by 1.1 million to 10.9 million people.
More details are in the Review of Key Indicators of Management Companies for 2024 Q1.