Inflow of new funds into stock market accelerates in 2025 Q2
Retail investors’ assets in brokerage accounts grew to ₽11 trillion owing to an inflow of new funds and more expensive bonds. The number of clients having more than ₽10,000 in their accounts increased to 5.1 million people.
Net contributions from retail investors amounted to ₽574 billion, which is almost twice as much as in the previous year. This was due to decreased deposit rates and the market's expectations of further monetary policy easing.
The structure of investments has changed slightly. The share of bonds rose to 35%, which was the maximum value since the end of 2020. Anticipating further rate cuts, investors tried to fix high yields on long-term OFZs and medium-term corporate bonds. The proportion of Russian shares in the portfolio declined to 28%, which was the minimum since the end of 2022. Investment units account for 16%, of which 9% are units of money market exchange-traded funds.
More details are available in the Review of Key Indicators of Brokers for 2025 Q2.