The Central Bank of Russia published its Review of Key Indicators of Brokers for 2025 Q2, showing that retail inflows into brokerage accounts accelerated and lifted retail investors’ assets to RUB 11 trillion. Net contributions from retail investors totalled RUB 574 billion, almost twice the level a year earlier. The stronger inflow was attributed to lower deposit rates and market expectations of further monetary policy easing. Retail portfolios shifted further toward fixed income, with bonds rising to 35% of holdings, the highest share since end-2020, as investors sought to lock in high yields in long-term OFZs and medium-term corporate bonds. The proportion of Russian shares fell to 28%, the lowest since end-2022, while investment units accounted for 16%, including 9% in money market exchange-traded funds. The number of clients with more than RUB 10,000 in their accounts increased to 5.1 million.
Central Bank of Russia 2025-09-01
Central Bank of Russia reports RUB 574 billion in retail net contributions and bonds reaching 35% of portfolios in 2025 Q2
The Central Bank of Russia's Q2 2025 review highlights accelerated retail inflows into brokerage accounts, raising retail investors' assets to RUB 11 trillion. Retail portfolios shifted towards fixed income, with bonds comprising 35% of holdings, while Russian shares fell to 28%. The number of clients with accounts exceeding RUB 10,000 rose to 5.1 million.