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03.08.2018

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

By results of June, the index of the Ukrainian stock exchange (as at June 27, 2018) decreased by -6.43%, while the PFTS index, by contrast, added +2.55%.

In June, all sectors of public funds suffered a decline of returns. By the rate of return for a month, the sectors of public CII were distributed as follows: in the first place – open-ended funds

(-0.92%), in the second place - interval ones (-2.01%), closed-end CII were in the third place (-4.13%) .


OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 15 open-ended CII as at June 27, 2018 amounted to UAH 81.63 mln. According to the data provided at the end of the previous month, the total decrease of net assets amounted to UAH 153.42 thsd.(-0.19%). However, due to the attraction of investors' funds, the net inflow to the sector amounted to +UAH 697.52 thsd.

The vast majority of funds completed the month with a decline in portfolios’ yields, only 5 funds remained in the "green" zone. In June, the range of returns of investment funds varied from +1.17% to -3.77%.

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

“OTP-Klasychnyi" (+UAH 841.41 thsd. (+20.53%)) - due to the additional placement of certificates (increase in circulation by 19.19%) received a net inflow of UAH 786.86 thsd.;

“UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen” (+UAH 34.67 thsd. (+3.29%)) - at the expense of positive revaluation of investment portfolio’s components and additional placement of 10 ICs the fund received UAH 26.30 thsd. of net inflow of capital;

"KINTO-Kaznacheiskyi” (-UAH 18.88 thsd. (-0.78%)) - despite the negative revaluation of NAV, additional attraction of investors' funds (+0.82% of IC in circulation) allowed the fund to receive “net” UAH 19.57 thsd.

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

"VSI" (-UAH 115.38 thsd. (-7.31%)) - the purchase of a significant number of certificates from investors (-7.00% in circulation) led to the largest net outflow of capital in the sector at the amount of

-UAH 111.19 thsd.;

“KINTO-Klasychnyi" (-UAH 280.18 thsd. (-0.95%)) - net outflow was –UAH 22.77 thsd. due to the purchase of 38 investment certificates;

"KINTO-Ekviti" (-UAH 115.51 thsd. (-2.05%)) - similarly, the presentation for redemption of 13 ICs led to a net outflow of capital in the amount of –UAH 15.89 thsd.

The list of major sector’s players in June was as follows: the first place among the open-ended CII in terms of market share was taken by the fund “KINTO-Klasychnyi" (35.83% of the total NAV (UAH 29.25 mln.)), the second one was the fund “OTP Fond Aktsii” (16.44% (UAH 13.42 mln.)), the third place was taken by the fund "UNIVER.UA/Mykhaylo Hrushevsky: Fond Derzhavnykh Paperiv” (7.93% (UAH 6.47 mln.). Fund "KINTO-Ekviti" was the fourth one (6.77% (UAH 5.52 mln.)), fund “Sofiiivskyi” closed the five leaders (6.74% (UAH 5.50 mln.)).

Among the leaders in terms of returnsthe following fundswere distinguished: “OTP Klasychnyi" (+1.17%), "UNIVER.UA/Mykhaylo Hrushevsky: Fond Derzhavnykh Paperiv”(+0.93%) and “UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen” (+0.78%).

The worst performance indicators in June were shown by funds “Nadbnnia” (-3.77%), “Sofiiivskyi” (-3.01%) and “OTP Fond Aktsii” (-2.67%).


INTERVAL FUNDS

In June, the review included 3 interval CII, whose net assets, according to UAIB, amounted to UAH 3.21 mln. Compared to the indicators of this sector at the end of the previous month, the aggregate NAV decreased by –UAH 84.49 thsd. (-2.57%).

Only one fund - “Parytet” (-UAH 20.69 thsd. (-1.40%))) redeemed 1 security from investors, due to which it had –UAH 1.92 thsd. of net outflow of capital; changes of the investment portfolios’ value in the remaining funds were solely due to the revaluation of assets, changes in net capital were not recorded.

In June, according to the level of rates of return, the sector’s funds were distributed as follows: “TASK Ukrainskyi Kapital” (-4.15%),”Parytet” (-1.27%) and “Optimum” (-0.59%).

 

CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in June survey, at the end of the month amounted to UAH 12.01 mln. According to the provided indicators, the total NAV of these funds decreased by -955.97 thsd. (-7,37%) - due to significant payments to investors.

The Fund "Indeks Ukrainskoi Birzhi" (-UAH 923.33 thsd. (-7.74%)) lost "net" –UAH 320.38 thsd. through the presentation for redemption of a considerable amount of equities (-2.76% in circulation).

In June, according to the level of rates of return, the sector’s funds were distributed as follows: "Indeks Ukrainskoi Birzhi" (-5.13%) and "TASK Universal" (-3.13%).



Open-ended funds' NAV at end October 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 29 702 147.31 47 199.00 629.30 100.00 PrAT “KINTO”
2 OTP Fond Aktsii 10 021 414.36 6 983 221.00 1.44 1.00 TOV KUA "OTP Kapital"
3 UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv 7 634 654.43 2 094.00 3 645.97 1 000.00 TOV KUA "Univer Menedzhment"
4 OTP Klasychnyi 6 157 082.50 1 578.00 3 901.83 1 000.00 TOV KUA "OTP Kapital"
5 Sofiivskyi 5 033 225.70 3 571.00 1 409.47 1 000.00 TOV KUA "IVEKS ESSET MENEDZHMENT"
6 KINTO-Ekviti 4 931 344.97 4 206.00 1 172.45 1 000.00 PrAT “KINTO”
7 Altus-Depozyt 4 316 349.41 1 256.00 3 436.58 1 000.00 TOV KUA "Altus Assets Aktivitis"
8 Altus-Zbalansovanyi 3 427 695.26 678.00 5 055.60 1 000.00 TOV KUA "Altus essets aktivitis"
9 KINTO-Kaznacheiskyi 2 465 024.23 10 300.00 239.32 100.00 PrAT “KINTO”
10 Argentum 1 787 155.86 27 043.00 66.09 100.00 TOV KUA "OZON"
11 VSI 1 744 104.51 1 350.00 1 291.93 1 000.00 TOV KUA "Vsesvit"
12 UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi 1 665 646.37 578.00 2 881.74 1 000.00 TOV KUA "Univer Menedzhment"
13 UNIVER.UA/IAroslav Mudryi: Fond Aktsii 1 312 831.13 1 778.00 738.38 1 000.00 TOV KUA "Univer Menedzhment"
14 UNIVER.UA/Taras SHevchenko: Fond Zaoschadzhen 1 205 849.14 379.00 3 181.66 1 000.00 TOV KUA "Univer Menedzhment"
15 TASK Resurs 1 085 494.43 953.00 1 139.03 1 000.00 TOV KUA "TASK-Invest"
16 Nadbannia 763 586.41 7 524.00 101.49 100.00 TOV KUA "ART - KAPITAL Menedzhment"
17 Bonum Optimum 323 481.46 8 840.00 36.59 100.00 TOV KUA "Bonum Grup"
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Key Figures
AMC Number 294 as at 01.11.19
CII Number 1 309 as at 01.11.19
NPF Number* 61 as at 01.11.19
IC Number* 2 as at 30.09.19
AuM, UAH mln 349 966 as at 30.09.19
AuM - according to the reports of 282 AMC regarding 1308 CII, 60 pension funds and 2 insurance companies.
* With assets under management of AMC