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01.08.2019

Monthly Performance Review of Publicly Offered CII in Ukraine. June 2019

In June, Ukrainian exchanges closed with decreased key indicators, UX index (as at June 27, 2019) decreased by 4.71%, and PFTS index by 4.05%.

By the rate of return for a month, the sectors of CII with public issue had the following breakdown of the results: the sector of open-ended funds got the first place (+0.95%), interval funds took second place (+0.60%) and closed-end funds were the third (-1.85%).


OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 16 open-ended CII as at June 27, 2019 amounted to UAH 83.89M. According to the data provided at the end of the previous month, the total decline of net assets amounted to –UAH 271.29k (-0.40%). Due to significant investor redemptions, net capital outflow in the sector amounted to –UAH 580.88k.

The vast majority of funds finished the month with an increase in portfolios’ rates, with only 5 funds remaining in the red zone. In June, the range for rates of return of investment funds ranged from + 9.46% to -1.31%.

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

"NADBANNIA" (+UAH 69.47k (+ 9.46%)), "Sofiivskyi" (+UAH 42.84k (+ 0.85%)) and "Altus-zbalansovanyi" (+UAH 33.71k (+ 1.03%)) in which an increase in NAV occurred due to a positive revaluation of the components of investment portfolios.

The following funds made the biggest payments to investors in June:

"VSI" (-UAH 373.44k (-23.67%)) - the redemption of a significant number of certificates from investors (-23.26% in circulation) has led to the largest net outflow of capital in the sector amounting to UAH 365.48k;

"KINTO-Ekvity" (-UAH 124.35k (-2.22%)) - net outflow was -UAH 113.72k due to the redemption of 90 investment certificates;

«KINTO-Klasychnyi» (+UAH 37.14k (+ 0.12%)) - similarly, the redemption of 86 IC has resulted in a net outflow of capital amounting to UAH 55.22.

The list of key players in the sector in June was as follows: «KINTO-Klasychnyi» got the first place among the open-end CII in terms of market share (37.22% of the total NAV (UAH 31.22M)), the second one was the "OTP Fond Aktsii" (14.17% (UAH 11.88M)), the third was the fund "UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv"(8.77% (UAH 7.36M). Fourth place was taken by the fund "KINTO-Ekviti " (6.54% (UAH 5.49M), the fund "OTP Klasychnyi'' closes the top five (6.16% (UAH 5.17 million)).

The following funds were among the leaders in terms of rate of return: "NADBANNIA" (+ 9.46%), "KINTO-Kaznacheiskyi" (+ 1.98%) and "Altus-zbalansovanyi" (+ 1.03%).

The worst indicators in June were demonstrated by funds "UNIVER.UA/Iaroslav Mudryi: Fond Aktsii"(-1.31%), "VSI"(-0.54%) and “Bonum Optimum"(-0.25%).


INTERVAL FUNDS

In June, the review included 3 interval CII, whose net assets, according to UAIB, amounted to UAH 2.62M. Compared to the indicators of this sector at the end of the previous month, the total NAV increased by +UAH 5.37k (+0.21%).

Only one fund “PARYTET” (+UAH 18.17k (+ 1.26%)) redeemed 16 securities from investors, and so it experienced net capital outflow of UAH 32.66k. Decrease in the value of investment portfolios in other funds was solely due to a revaluation of assets, no net capital flows were recorded.

In June, based on the rate of return, funds in the sector had the following breakdown of the results: “PARYTET” (+3.61%), “Optimum” (-0.60%) and “TASK UKRAINSKYI KAPITAL” (-1.21%).


CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in June review, at the end of the month amounted to UAH 13.11M. According to the provided data, the total NAV of these funds decreased by UAH 315.42k (-2.35%) - due to significant payments to investors.

Changes in the value of net assets in funds were solely due to a revaluation of assets, no net capital flows were recorded.

In June, based on the rates of return, funds in the sector had the following breakdown of the results: "Indeks Ukrainskoi Birzhi" (-2.43%) and "TASK Universal" (-1.27%).



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