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

In August, indexes of Ukrainian Stock Exchanges closed with a slight sinking of performance. Index of Ukrainian Stock Exchange lost 0.84%, while the PFTS index - 0.11%. The positive performance of last month contributed to the sectors of open-ended and closed-end CII to raise funds of investors (by overall result).

Open-ended investment funds continued to top the list in terms of "year-to-date” profitability with a value of +8.47% (+0.57% in August), closed-end funds took the second place (-1.95% (-0.05% for the month), sector of interval CII remained in the third place with -1.82% (-1.11%).

OPEN- ENDED FUNDS

As per UAIB data, net asset value of 18 open-ended CII as at 31.08.2016 amounted to UAH56.01mln. According to the indicators of the end of the previous month, the total increase in NAV of net assets amounted to +UAH946.26 thsd. (+1.77%). Total net inflow in the sector amounted to +UAH 634.21 thsd.

The results of open-ended funds were divided as follows - fifteen funds showed negative results, the rest Funds had positive performance. In August, the range of open-ended CII’ rates of return varied from +2.42% to -1.51%

Based on August results, the following Funds were the growth leaders in the sector:

«ОТP Кlasychnyi» (+UAH 511.76 thsd. (+24.00%)) – due to attracting of investors’ funds (+22.26% in circulation) received UAH 479.73 thsd. of net income;

«VSI» (+UAH 236.83 thsd. (+17.11%)) – due to additional placement of 169 certificates received the net inflow in the amount of UAH 200.15 thsd

"Nadbannia" (+UAH 99.31 thsd. (+17.25%)) - also through the involvement of investors’ funds received +UAH 99.94 thsd.

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

«KINTO-Kaznacheiskyi» (-UAH 107.35 thsd.(-6.62%)) – the largest net outflow in the sector in the amount of –UAH 120.07 thsd. due to redemption of significant amount of investors' certificates

(-7.42% in circulation);

«КІNТО-Кlasychnyi» (-UAH 108.05 thsd. (-0.51%)) – the net outflow amounted to -UAH 67.36 thsd. also due to repurchases of investment certificates;

«OTP Fond Aktsii» (+UAH 21.34 thsd. (+1.04%)) – by presenting for redemption of 5000 units of investment certificates had a net outflow in the amount of –UAH 3.50 thsd.

The list of major players of the sector in August remained unchanged. Fund "KINTO-Klasychnyi” occupied the first place by market share among open-ended CII (37.88% of aggregate NAV (UAH 21.26 mln.), the second place went to Fund "UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnykh Paperiv" (9.33% (UAH 5.23 mln.)). Fund «Sofiivskyi» ended in the third place (6.61% (UAH 3.70 mln.), Fund «КІNТО-Еkviti» (6.23% (UAH 3.49 mln.)) was in the fourth place. Fund «Аltus-Deposyt» (6.08% (UAH 3.41 mln.)) placed on the honourable fifth place.

Among leaders by the rates of return there were the following Funds: «VSІ» (+2.42%), «Sofiivskyi» (+2.22%) and «Аltus-Zbalansovanyi» (+1.86%).

The lowest rates of return in August were demonstrated by Funds «Аrgentum» (-1.51%), «ТАSК Resurs» (-1.17%) and «КІNТО-Еkviti» (-1.15%).

INTERVAL FUNDS

In August, the review included 6 interval CII, whose net assets, according to UAIB data, equaled UAH 13.3 mln. Compared with this sector’s indicators as of the end of the previous month, an aggregate NAV of these funds decreased by-UAH 556.33thsd. (-4.02%).

Based on results of August, the following Funds became the growth leaders of the sector: «Zbalansovanyi Fond "Parytet"» (+UAH 11.88 thsd/ (+0.96%)), «Aurum» (+UAH 11.09 thsd (+0.62%)) and «UNIVER.UA/Отtaman: Fond Perspektyvnykh Aktsii» (+UAH 1.80 thsd (+0.26%)).

Funds "Platynum" (-UAH 563.33 thsd. (-6.65%)), "TASK Ukrainskyi Kapital" (-UAH 14.95 thsd.

(-1.39%)) and "Optimum "(-UAH 2.73 thsd. (-0.47%)) recorded the biggest fall of NAV.

No changes in net capital were fixed in the sector.

The range of interval funds’ rates of returnin August varied from +0.96% tо -6.65%.

Funds «Zbalansovanyi Fond "Parytet"» (+0.96%), «Аurum» (+0.62%) and «UNIVER.UA/Оtaman: Fond Perspektyvnykh Aktsii» (+0.26%) became the leadersby rates of return.

Funds «Platynum» (-6.65%), «ТАSК Ukrainskyi Каpital» (-1.39%) and «Оptimum» (-0.47%) demonstrated the worst results.

CLOSED-ENDFUNDS

Net asset value of 4 closed-end CII, which were included in the August review, at the end of the month totaled UAH 10.85mln. According to filed indicators, the aggregate NAV of these funds increased by +UAH 115.34thsd. (+1.07%).

Fund “Indeks Ukrainskoi Birzhi” (+UAH 65.34 thsd. (+1.57%)) became the leader in attracting of investors’ funds - due to additional placement of equities (+3.66% in circulation ) it received +UAH 148.96 thsd. of net inflow.

No other fund recorded any changes in net equity, changes in NAV in the sector took place exclusively due to the revaluation of investment portfolios’ components.

Range of rates of return of closed-end Funds in August was from +2.97% to-2.01%.

Indicators of rates of return in August were the following: «UNIVER.UA/Skif: Fond Nerukhomosti» (+2.97%), «АntyBank» (+0.80%), «ТАSК Universal» (-1.96%) and «Іndeks Ukrainskoi Birzhi» (-2.01%).