The Central Bank of Russia published its update on individual investment accounts (IIAs) for 2025 Q3, reporting continued growth in account numbers and a sharp increase in investor deposits, with investments concentrated in Russian bonds and money market funds. In 2025 Q3, the number of IIAs rose by 72,000 to 6.3 million. Net inflows reached RUB 59 billion, the highest level since early 2025, and combined with a positive revaluation of Russian bonds lifted total IIA portfolios to RUB 753 billion. The central bank also noted growing uptake of open-end unit investment funds that provide access to the tax benefits available through IIAs, particularly among investors who have typically preferred standard trust management strategies.
Central Bank of Russia 2025-11-18
Central Bank of Russia reports rising popularity of individual investment accounts with RUB 59 billion net inflow in 2025 Q3
The Central Bank of Russia reported a rise in individual investment accounts (IIAs) by 72,000 to 6.3 million in Q3 2025, with net inflows of RUB 59 billion. Total IIA portfolios increased to RUB 753 billion, driven by investments in Russian bonds and money market funds. There is also a growing interest in open-end unit investment funds offering tax benefits through IIAs.