For the first time since the institution of individual investment accounts (IIAs) was created in 2015, investors withdrew more than they contributed. The outflow of funds from IIS in the third quarter of this year amounted to 4 billion rubles.
The total volume of individual investment account portfolios in the third quarter of 2022 decreased to 395 billion rubles, the Bank of Russia said in its review. The indicator fell due to the revaluation of the value of shares of Russian issuers and the withdrawal of funds from client accounts.
In the third quarter, the total amount of funds withdrawn from IIS for the first time in the institute’s history from these accounts exceeded the amount of funds deposited into them, the regulator noted. The IIS Institute was established in 2015.
At the end of the third quarter, the number of AIIs registered was 5.1 million, an increase of 1% over the quarter. The growth was due to the opening of new brokerage accounts.
The number of individual trusts declined for the second consecutive quarter, also due to the current irrelevance of major investment strategies and investor interest in short-term investments.
Author:
Kirill Bilyk
Source: RB
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