Unit investment funds attract almost 650 thousand new retail investors in Q3

Compared to open-end UIFs, exchange-traded UIFs tend to attract small investors, as evidenced by the average investment amount of an individual customer. As of late September, open-end UIFs attracted as many as 536 thousand rubles of investment, while exchange-traded UIFs attracted 34 thousand rubles.

For the overall quarter, UIFs focused on Russian government securities and ETFs proved superior to other exchange-traded UIFs in generating the net funds inflow. The uptick in volatility early in the year drove a higher interest of individuals in protective assets and ETFs, accessible through many exchange-traded UIFs. This came as a reason behind growth in their appeal.