Monthly Performance Review of Publicly Offered CII in Ukraine. June 2016

Based on June results, Ukrainian Stock Exchange index rose by 7.81%, PFTS index - by 1.92%. The whole month indicators were in moderate sideways trend against the backdrop of regular summer downturn.

In terms of profitability for the month sectors of public CII were as follows: on the first place - closed-end funds (+5.84%), on the second site - open-ended CII (+2.04%), interval CII – on the third place (-1.25%).

OPEN- ENDED FUNDS

As per UAIB data, net asset value of 19 open-ended CII as at 31.05.2016 amounted to UAH54.15 mln. According to reported data by the end of the previous month, the total increase in NAV amounted to +UAH 655.32 thsd. (+1.32%). Net outflow in the sector amounted to –UAH 118.43 due to minor payments to investors.

Majority of funds finished the month with an increase of portfolios’ return, only 5 funds recorded a negative value. In June, the range of investment funds’ yield varied from +7.16% to -3.98%.

Based on June results, growth leaders in the sector were the following funds:

«VSI» (+UAH 2.13 (+0.16%)) – due to additional placement of certificates (+0.17% in circulation) received a net inflow in the amount of +UAH 0.81 thsd.;

«Sofiivskyi» (+UAH 221.17 thsd. (+6.91%)) – increase of NAV was due to positive revaluation of investment portfolio’s components;

«КІNТО-Каznacheiskyi» (+UAH 114.50 thsd. (+6.00%)) – increase in net assets was also due to growth of investportfolio’s assets.

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

"KINTO-Klasychnyi" (+UAH 179.05 thsd. (+0.85%) - despite the positive revaluation of portfolio, redemption of small number of certificates from investors (-0.56% in circulation) resulted in a net outflow of capital in the amount of -UAH 118.80 thsd.;

"UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (+UAH 41.46 thsd. (+7.08%) - net outflow amounted to –UAH 0.44 thsd. through a repurchase of one investment certificate;

List of major players of the sector in June was as follows: the first place among open-ended CII by market share was occupied by fund "KINTO-Klasychnyi" (39.14% of total NAV (UAH 21.19 mln.)), the second place - by fund "UNIVER.UA / Grushevskyi: Fond Derzhavnyh Paperiv "(9.33% (UAH 5.05 mln.)), the third place went to fund" Kinto-Ekviti" (6.40% (UAH 3.46 mln.). Fund "Sofiivskyi” was located on the fourth site (6.32% (UAH 3.42 mln.)), fund "Altus-Deposyt" closed the top five (6.12% (UAH 3.32 mln.)).

Among the distinguished leaders by rates of return there were the following funds: "UNIVER.UA /Yaroslav Mudryi: Fond Derzhavnyh Paperiv" (+7.16%), "Sofiivskyi" (+6.91%) and "Nadbannia" (+6.59%).

The worst performance in June was demonstrated by funds "TASK Resurs" (-3.98%), "UNIVER.UA / Grushevsky: Fond Derzhavnyh Paperiv" (-1.24%) and "SEM Azhio" (-0.62%).

INTERVAL FUNDS

In Jun the review included 5 interval CII, which net assets, according to UAIB data, equaled to UAH 12.68 mln.Compared with this sector’s indicators as at the end of the previous month, an aggregate NAV of these fundsdecreased by–UAH 15.40thsd. (-0.62%).

Changes in the value of investment portfolios in the sector of interval funds during this month were exclusively due to the revaluation of assets; changes in net capital were not fixed.

In June, the leader of the NAV growth in the sector of interval CII was fund "Parytet" (+UAH 26.97 thsd.(+2.27%)) - an increase in net assets’ value was exclusively due to the rising value of investment portfolio’s components.

The largest decrease of NAV in June was recorded by funds "Optimum" (-UAH 3.71 thsd.

(-0.64%)) and "UNIVER.UA/Otaman: Fond Perspektyvnyh Aktsii" (-UAH 38.63 thsd. (-5.37%)).

The range of yield of interval funds in June was between +2.27% and -5.37%.

Fond “Parytet” was the leader in yield (+ 2.27%).

The worst performance in June was demonstrated by the following funds: "UNIVER.UA/Otaman: Fond Perspektyvnyh Aktsii" (-5.37%), "Optimum" (-0.64%).

CLOSED-END FUNDS

Net asset value of 3 closed-end CII, which were included in June review, at the end of the month amounted to UAH 9.20 mln. According to filed indicators, the aggregate NAV of these funds increased by UAH 523.07 thsd. (+6.03%).

No fund recorded any changes in net capital, increase in value of portfolios occurred due to positive revaluation of assets.

The range of yield of closed-end funds in June fluctuated between +3.12% and +9.86%.

Positive rates of return were fixed by the following funds: "Indeks Ukrainskoi Birzhi”(+9.86%), "UNIVER.UA/Skif: Fond Neruhomosti" (+4.54%) and "AntyBank" (+3.12%).