The Central Bank of Russia published its Review of Key Indicators of Management Companies for 2025 Q3, reporting that client assets under management exceeded RUB 31 trillion, while quarterly growth slowed to 5.7% from 7.1%. Unit investment funds (UIFs) accounted for almost three-quarters of the increase. Net inflows into UIFs rose by almost 42% over the quarter to RUB 908.8 billion, led by open-end UIFs investing in bonds and money market instruments, supported by debt market growth and persistently high money market rates. Assets under trust management reached a new high of RUB 3.2 trillion as the segment returned to inflows after two years of outflows, with qualified retail investors investing RUB 75 billion in individual strategies; pension savings in non-governmental pension funds also increased significantly.
Central Bank of Russia 2025-11-28
Central Bank of Russia reports client assets under management exceed RUB 31 trillion in 2025 Q3
The Central Bank of Russia's Q3 2025 review shows client assets under management surpassing RUB 31 trillion, with growth slowing to 5.7%. Unit investment funds (UIFs) drove nearly three-quarters of this increase, with net inflows rising 42% to RUB 908.8 billion, primarily in bond and money market instruments. Trust management assets hit RUB 3.2 trillion, reversing a two-year outflow trend, with contributions from qualified retail investors and pension savings.