How Russia's Gen Z investors balance bonds, AI and cautious growth

A new study by VTB My Investments has examined the habits of young investors in Russia. The analysis covered nearly 1 million clients under 30, revealing clear trends in their portfolio choices. Many are turning to technology to guide their financial decisions. The average portfolio size for clients under 30 is 279,000 rubles. Bonds dominate these holdings, making up 46% of the total. Mutual funds follow closely, accounting for 30%. Money market exchange-traded funds are the single largest instrument, representing 22% of investments.

Stocks take up 18% of the average Gen Z portfolio. Defensive assets like cash and precious metals make up the remaining 6%. This suggests a preference for stability alongside growth potential.

Over 7% of all clients now use AI-powered advisory tools. This figure is rising fastest among younger investors, who show strong trust in tech-driven solutions for managing their money. Young investors are building balanced portfolios with a mix of defensive and growth assets. Their growing reliance on AI tools highlights a shift towards digital-first investment strategies. These trends reflect both caution and confidence in modern financial technology.