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23.05.2018

Monthly Performance Review of Publicly Offered CII in Ukraine. April 2018

According to the results of the month, Ukrainian stock market indices closed with a significant increase of the indicators: the UX index increased by +8.78%, while the PFTS index finished with the most value for the four years +32.74%.

In April, all sectors of public collective investment institutions (CII) completed the month in a different directions, but this correction did not have a significant effect on the yield indicators "since the beginning of the year". According to this indicator, the sectors were distributed as follows: closed-end funds were in the first place (+20.45% (+5.20% for the month)), the second place was taken by the open-ended CII sector (+8.03% (+1.56% for the month)), while interval CII fell in the third place (+5.96% (-1.11% for the month)).

 

OPEN-ENDED FUNDS

According to the UAIB, the value of net assets of 17 open-ended CII as at April 27, 2018 amounted to UAH 86.98 mln. According to the indicators as at the end of April, the total increase in NAV amounted to +UAH 4,128.09 thsd. (+4.98%). The volume of attraction of investors' funds in April exceeded the amount of payments, therefore the total net inflow of assets in the sector amounted to +UAH 1,869.10 thsd.

Sector funds completed the month mainly with increasing returns, only three funds fell. The open-ended CIIs’ range of yield varied from +9.39% to -11.72%.

According to the results of April, the leaders of growth in the sector of open-ended CII were:

"OTP Fond Aktsii" (+UAH 1,945.61 thsd. (+16.58%)) – due to the positive revaluation of portfolio components and additional placement of certificates (+11.25% in circulation), it received a net inflow of +UAH 1,374.77 thsd.;

“VSI” (+UAH 320.30 thsd. (+24.61%)) – NAV increase and attraction of investors' funds (+24.92% in circulation) allowed the fund to receive “net” UAH 320.18 thsd.;

"KINTO-Ekviti” (+UAH 213.47 thsd. (+3.85%)) – due to additional placement of 40 certificates and growth of NAV the fund received a net inflow of capital in the amount of UAH 49.40 thsd.

The largest payments to investors in April were made by the following funds:

"KINTO-Klasychnyi" (+UAH 541.71 thsd. (+0.28%)) - despite the positive revaluation of the investment portfolio, the fund recorded the largest net outflow in the sector in the amount of –UAH 7.32 thsd., connected with the purchase of 12 certificates;

"Argentum" (+UAH 209.79 thsd. (+8.38%)) - the buyout of investment certificates from the participants of the fund (-0.27% in circulation) resulted in a capital outflow in the amount of –UAH 7.31 thsd.

The main players in the sector were distributed as follows: the first place among the open-ended CII in terms of market share was taken by "KINTO-Klasychnyi" fund (34.40% of the aggregate NAV (UAH 29.93 mln.), the second one was the fund "OTP Fond Aktsii" (15.73% (UAH 13.68 mln.)), the third place was taken by the “Sofiivskyi” fund (8.60% (UAH 7.48 mln.)). The fourth place was under the fund "UNIVER.UA/Mykhaylo Hrushevsky: Fond Derzhavnykh Paperiv” (7.24% (UAH 6.30 mln.)), the "KINTO-Ekviti" fund (6.62% (UAH 5.76 mln.)) has completed the top five of sector’s leaders.

The highest level of rates of return were demonstrated by the following funds:

"Sofiivskyi" (+9.39%), "Argentum" (+8.67%) and "OTP Fond Aktsii" (+4.79%).

The worst indicators of changes in the value of their securities in April were demonstrated by funds: "Nadbannia" (-11.72%), "VSI" (-0.25%) and "Bonum Optimum" (-0.13%).

INTERVAL FUNDS

In April review included 3interval CII, whose net assets, according to UAIB data, amounted to UAH 3.48 mln. In comparison with indicators of this sector as at the end of the previous month, the total NAV decreased by -UAH 9.53 thsd. (-0.27%).

The change in net asset value in the sector was as follows:

“TASK Ukrainskyi Kapital” (+UAH 92.28 thsd. (+6.16%));

"Optimum" (-UAH 15.73 thsd. (-4.10%));

“Zbalansovanyi Fond Parytet” (-UAH 86.08 thsd. (-5.37%))

No fund has made any payments to investors or attraction of their funds, so no changes in net capital has been recorded in the sector.

By the level of returns for the month, funds in the sector were distributed in this way:

“TASK Ukrainskyi Kapital” (+6.16%), "Optimum" (-4.10%) and “Parytet” (-5.37%).

 

CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in April survey, at the end of the month amounted to UAH 13.76 mln. According to the provided indicators, the total NAV of these funds increased by +UAH 919.90 thsd. (+7.17%).

In April, by changes in NAV, fundsin the sector were distributed as follows:

"Indeks Ukrainskoi Birzhi" (+UAH 889.61 thsd. (+7.56%))

"TASK Universal" (+UAH 30.30 thsd. (+2.85%))

No changes in net capital have been recorded.

By rates of return for the month, funds in the sector were distributed as follows: "Indeks Ukrainskoi Birzhi" (+7.56%) and "TASK Universal" (+2.85%))



Open-ended funds' NAV at end August 2019
Rank CII Name NAV, UAH Number of investment certificates/shares in circulation NAV per IC/share, UAH IC/share Face Value, UAH AMC Name
1 KINTO-Klasychnyi 30 343 158.78 47 455.00 639.41 100.00 PrAT “KINTO”
2 OTP Fond Aktsii 11 355 413.91 7 788 964.00 1.46 1.00 TOV KUA "OTP Kapital"
3 UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv 7 521 745.15 2 094.00 3 592.05 1 000.00 TOV KUA "Univer Menedzhment"
4 OTP Klasychnyi 5 940 214.13 1 562.00 3 802.95 1 000.00 TOV KUA "OTP Kapital"
5 KINTO-Ekviti 5 336 915.44 4 233.00 1 260.79 1 000.00 PrAT “KINTO”
6 Sofiivskyi 5 062 148.28 3 571.00 1 417.57 1 000.00 TOV KUA "IVEKS ESSET MENEDZHMENT"
7 Altus-Depozyt 4 258 374.79 1 256.00 3 390.43 1 000.00 TOV KUA "Altus Assets Aktivitis"
8 Altus-Zbalansovanyi 3 361 329.71 678.00 4 957.71 1 000.00 TOV KUA "Altus essets aktivitis"
9 KINTO-Kaznacheiskyi 2 705 941.65 11 221.00 241.15 100.00 PrAT “KINTO”
10 Argentum 1 979 625.26 29 116.00 67.99 100.00 TOV KUA "OZON"
11 UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi 1 662 247.42 578.00 2 875.86 1 000.00 TOV KUA "Univer Menedzhment"
12 VSI 1 658 185.69 1 289.00 1 286.41 1 000.00 TOV KUA "Vsesvit"
13 UNIVER.UA/Taras SHevchenko: Fond Zaoschadzhen 1 181 491.51 379.00 3 117.39 1 000.00 TOV KUA "Univer Menedzhment"
14 TASK Resurs 1 075 191.28 953.00 1 128.22 1 000.00 TOV KUA "TASK-Invest"
15 UNIVER.UA/IAroslav Mudryi: Fond Aktsii 1 026 563.10 1 311.00 783.04 1 000.00 TOV KUA "Univer Menedzhment"
16 Nadbannia 806 451.17 7 704.00 104.68 100.00 TOV KUA "ART - KAPITAL Menedzhment"
17 Bonum Optimum 438 502.45 8 840.00 49.60 100.00 TOV KUA "Bonum Grup"
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Key Figures
AMC Number 294 as at 17.09.19
CII Number 1 306 as at 17.09.19
NPF Number* 61 as at 17.09.19
IC Number* 2 as at 31.07.19
AuM, UAH mln 342 062 as at 31.07.19
AuM - according to the reports of 280 AMC regarding 1283 CII, 58 pension funds and 2 insurance companies.
* With assets under management of AMC