Monthly Performance Review of Publicly Offered CII in Ukraine. November 2016
Stock indices in November recorded multidirectional results: thus, Ukrainian Stock Exchange index decreased by 4.74%, and the PFTS index grew by 0.44%.
Open–ended investment funds continued to top the list in terms of rates of return “since the beginning of the year” (YTD) with a value of +13.96% (-1.09% for November), closed-end funds took the second place (+2.29% (-2.94%for the month), sector of interval CII remained in the third place with an indicator of -15.89% (-6.78%).
OPEN-ENDED FUNDS
As per UAIB data, net asset value of 19 open-ended CII as at 30.11.2016 amounted to UAH58.07mln. According to the indicators as at the end of the previous month, the total decrease in NAV of net assets amounted to -UAH833.93 thsd. (-1.45%). Five consecutive months the sector of open-ended CII showed strong growth, so investors decided to fix profits, that’s why the net outflow amounted to –UAH 514.85 thsd.
In November the range of rates of return of open-ended CII was between +1.38% and -6.18%.
The largest payments to investors were made in November by the following funds:
"Altus-Strategichnyi" (-UAH 164.78 thsd. (-25.35%)) - the largest net outflow amounting to –UAH 168.95 thsd. associated with the purchase of a significant number of investors’ certificates (-25.99% in circulation);
"Argentum" (-UAH 204.91 thsd. (-14.93%)) - net outflow amounted to –UAH 128.08 thsd. also due to presenting of investment certificates for redemption.
"VSI" (-UAH 110.02 thsd. (-6.84%)) - also due to the repayment of a certain number of ICs
(-5.74% in circulation) had a net outflow of funds in the amount of –UAH 89.92 thsd.
The list of major sector’s players in November remained unchanged. Fund "KINTO-Klasychnyi” occupied the first place by market share among open-ended CII (37.32% of aggregate NAV (UAH 21.67 mln.), the second place went to Fund "UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnykh Paperiv" (9.23% (UAH 5.36 mln.)). Fund «Sofiivskyi» ended in the third place (7.24% (UAH 4.21 mln.), Fund «КІNТО-Еkviti» (6.12% (UAH 3.49 mln.)) was in the fourth place. Fund «Аltus-Deposyt» (6.02% (UAH 3.49 mln.)) placed on the honourable fifth place.
Among leaders by the rates of return there were the following Funds: "OTP Klasychnyi" (+1.38%), "Altus-Deposyt" (+0.94%) and "Altus-Zbalansovanyi" (+0.92%).
The worst performance in November was demonstrated by the following funds:
"Argentum" (-6.18%), "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (-3.97%) and "Nadbannia" (-2.66%).
INTERVAL FUNDS
In November the review included 3 interval CII, which net assets, according to UAIB data, equaled to UAH 2.88 mln.Compared with this sector’s indicators as at the end of the previous month, an aggregate NAV of these funds decreased by–UAH 137.41 thsd. (-4.56%).
No one fund recorded any changes in net equity, negative change in NAV held exclusively due to the revaluation of components of investment portfolios.
Rates of return of interval funds in November were as following: «Оptimum» (-16.70%), «ТАSК Ukrainskyi Kapital» (-2.93%) and «Zbalansovanyi Fond “Parytet"» (-0.71%).
CLOSED-ENDFUNDS
The net asset value of 3 closed-end CII, which were included in November review, at the end of the month totaled UAH 11.41mln. According to filed indicators, the aggregate NAV of these funds increased by +UAH 219.43 thsd. (+1.96%).
Based on November results, fund "Indeks Ukrainskoi Birzhi" became the sector’s leader of investors’ funds involvement (+UAH 331.52 thsd. (+5.84%)) - by attracting investors’ funds (+12.45% in circulation) received UAH 686.35 thsd. of net inflow.
No other fund recorded any changes in net equity, changes in NAV in the sector held solely due to negative revaluation of components of investment portfolios.
Indicators of rates of return in November were the following: “Іndeks Ukrainskoi Birzhi”
(-5.87%), “АntyBank” (-2.37%) and “ТАSК Universal” (-0.59%).