Russians have invested more than 700 billion rubles in money market funds

November 8. /MEDIA TALK/. Russians have become three times more likely to invest in exchange-traded mutual funds of the money market, the value of assets has increased proportionally and exceeded 700 billion rubles. In October 2024, the volume of trading in money market funds set a record of 443 billion rubles, exceeding the figure of the previous month by almost 40%.

As Dmitry Danilenko, Director of Money market Development at the Moscow Stock Exchange, noted, the growth of investor activity was facilitated by the rise in rates in the economy. This prompted, among other things, novice players to try exchange instruments. The expert stressed that commercial banks and brokerage companies offer various services that make investments less risky for beginners.


Photo: ru.freepik.com

According to the trading platform, from January to October of this year, the total volume of transactions with money market funds in Russia exceeded 2.4 trillion rubles, an increase of 8.5 times.

Earlier it was reported that this year 56% of Russian citizens have opened deposits in banks new to them.