The Central Bank of Russia published its Review of Key Indicators of Management Companies for the first quarter of 2026, showing that unit investment funds and returns on them remained the main drivers of growth in the asset management market. Net inflows into unit investment funds eased from the high level recorded in the fourth quarter of 2025 but remained notably above the level seen a year earlier. Closed-end unit investment funds posted the strongest growth, led by corporate funds, where net inflows increased fivefold to RUB 325 billion. Retail investment in open-end and exchange-traded unit investment funds fell 5.7% to RUB 382 billion, with unit holders favoring bond and money market strategies as households continued to demand debt instruments during monetary easing. Assets under trust management reached a record RUB 3.5 trillion. The market also continued to adjust to the cancellation of standard strategies previously focused mainly on retail clients, with outflows from those strategies declining and investors shifting toward individual management, which attracted RUB 70 billion, mainly from qualified investors.
Central Bank of Russia2026-06-01
Central Bank of Russia reports Q1 asset management growth led by closed end unit funds and record RUB 3.5 trillion in trust assets
The Central Bank of Russia’s review of management companies for Q1 2026 showed unit investment funds and their returns remained the main drivers of asset management growth, with closed-end corporate funds’ net inflows rising fivefold to RUB 325 billion. Retail investment in open-end and exchange-traded unit funds fell 5.7% to RUB 382 billion as investors shifted toward bond and money market strategies, while assets under trust management hit a record RUB 3.5 trillion and individual management attracted RUB 70 billion, mainly from qualified investors.