... Even with modest contributions, an investor achieves diversification, reducing dependency on any single stock or market sector. Economies of Scale. The collective nature of investing lowers the costs per unit of investment. Fees and operating expenses are ... ... issued a record number of new licenses to management companies, and the total number of management firms exceeded 300 by early 2025. By the end of 2024, the assets of Russian funds reached 24 trillion rubles. Closed-end funds (ZEPIFs) hold a significant ...