MIL-OSI Russia: Financial news: Mutual funds are trusted by almost 11 mln retail investors

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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia –

The value of assets of management companies (MCs) grew by 5.8% in the first quarter. Mutual investment funds (MIFs) retained their leadership in terms of asset growth: they still account for 60% of the total amount of funds.

The main inflow was provided by ZPIFs oriented at corporate investors. Closed-end funds for mass retail investors, whose strategies involve investments in commercial real estate, primarily in warehouse complexes, were also popular.

Retail funds were also growing in assets. The main volume of inflow was accounted for by exchange-traded mutual funds, whose strategies assume short-term placement of clients’ funds in money market instruments, as well as open-end mutual funds with income payment.

In Q1, the total number of unit holders increased by nearly 1.1 million units to 10.9 million.

Read more in“Review of key indicators of management companies” for the first quarter of 2024.

Photo on preview: Casezy idea / Shutterstock / Fotodom

Please note; This information is raw content directly from the source of the information. It is accurate to what the source states and does not reflect the position of MIL-OSI or its customers.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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