Translartion. Region: Russians Fedetion –
Source: Moscow Exchange – Moscow Exchange –
On February 20, 2025, Moscow Exchange held a conference “The Collective Investment Market – from the First Trillion to a Place in Every Investor’s Portfolio”. The event was timed to coincide with the fifth anniversary of the start of trading in units of exchange-traded mutual investment funds (EMIF) of the money market.
The event discussed the current state and development prospects of the collective investment market as a whole and one of its flagship products – money market exchange-traded funds. Participants reviewed and assessed the market from different angles: regulatory, client and commercial – and during the discussions outlined the main trends in the industry and investors’ expectations.
As of February 1, 2025, the number of investors who invested in money market funds on the Moscow Exchange approached 1.4 million people. Thus, over the year, one million private investors became shareholders.
Trading in the first money market mutual fund started on the Moscow Exchange stock market on January 20, 2020. Today, investors have access to 16 money market mutual funds (13 ruble and 3 yuan), 10 of which were launched in 2024. Money market funds account for 85% of the total net asset value of all mutual funds (more than 1 trillion rubles in absolute terms as of February 1 of this year) and 83% of the total trading turnover in mutual funds.
Viktor Zhidkov, Chairman of the Board of Moscow Exchange:
“The Russian collective investment industry is still relatively young and is in the stage of active growth, the significant potential of which is embedded in the retail segment. Collective investment mechanisms contribute to the best implementation of this potential, and Moscow Exchange is interested in their further development and distribution. Funds, primarily exchange-traded funds, are the instrument with which one should begin to get acquainted with the financial market and which should find a place in the portfolio of every investor. We welcome the efforts of management companies to develop new mutual funds and are always ready to meet market participants halfway, both by creating new benchmarks for them and by helping to solve problems that arise when launching exchange trading in units. We congratulate the industry on its anniversary and wish it stable growth rates, new products and grateful investors.”
At the end of the conference, a ceremonial award ceremony was held for management companies – market leaders with the largest money market funds by net asset value:
UK VIM Investments for the mutual fund “Liquidity” with assets of 379.6 billion rubles; UK Pervaya for the mutual fund “Pervaya – Savings Fund” with assets of 227.6 billion rubles; UK Alfa-Capital for the mutual fund “Alfa-Capital Money Market” with assets of 210.5 billion rubles.
Also awarded were the money market fund managers of UK BrokerCreditService, UK AAA Capital Management, Finam Management, UK Promsvyaz, UK Sistema Capital, Finstar Capital, AK Bars Capital, UK DOKHOD and T-Capital.
There are currently 80 mutual funds on the Moscow Exchange. As of the end of 2024, the number of shareholders in exchange-traded funds was 6.2 million, of which 3.8 million made at least one transaction per month on average.
The Moscow Exchange Money Market is one of the most important segments of the Russian financial market, with the help of which both large corporations and small companies and individual investors manage their monetary liquidity. The list of money market instruments includes repo with the Central Credit Union, repo with the Central Credit Union, repo with the Bank of Russia, interdealer repo, deposits with the Central Credit Union, loans, as well as deposit and loan auctions. The Moscow Exchange acts as the organizer of trades, clearing and settlements are carried out by the National Clearing Center (NCC, part of the Moscow Exchange Group).
Contact information for media 7 (495) 363-3232Pr@moex.kom
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