The Central Bank of Russia reported that net inflows into brokerage accounts exceeded RUB 1 trillion in the second quarter of 2026, the highest quarterly level since records began in 2021 and 19% above the previous quarter. Qualified investors contributed nearly two-thirds of the inflow, while total brokerage account assets reached RUB 13.6 trillion. As deposit rates declined, retail investors initially shifted into long-term federal government bonds and medium-term bonds issued by highly rated companies to lock in coupon yields. When market expectations for the key rate path rose, investors increased allocations to corporate floating-rate bonds and bond funds focused on variable-rate securities. Clients also bought Russian equities, but these purchases did not offset negative revaluations, reducing equities’ share of investor assets to 20%.
2026-08-25Central Bank of Russia
Central Bank of Russia reports record RUB 1 trillion quarterly net inflow into brokerage accounts
The Central Bank of Russia reported record quarterly net inflows of more than RUB 1 trillion into brokerage accounts in the second quarter of 2026, with qualified investors contributing nearly two-thirds. Total assets reached RUB 13.6 trillion, while investors shifted toward floating-rate securities and equities’ portfolio share fell to 20% because of negative revaluations.