Monthly Performance Review of Publicly Offered CII in Ukraine. June 2017

The first cybernetic attack on Ukrainian computers and servers by Russia almost led to a paralysis of the securities's market. However, most companies and stock exchanges came out of this crisis with "little blood", although not all of them could provide reporting data. So, accordingly to the results of June, the index of the Ukrainian Exchange (as at June 27, 2017) increased by 4.32%, the PFTS index - by 2.33%.

By the level of profitability for the month, the sectors of public CII were distributed as follows: in the first place - open-ended CII (+0.91%), on the second – closed-end ones (-0.24%), interval CII – were the third (-1.99%)

OPEN- ENDED FUNDS

As per UAIB data, the net asset value of 15 open-ended CII, as at 30.06.2017 amounted to UAH 55.02mln. According to indicators as at the end of the previous month, the overall increase in NAV amounted to +UAH 684.36thsd.(+1.26%).Net outflow of capital in the sector amounted to

–UAH 0.14 thsd. due to insignificant payments to investors.

Majority of sector’s funds finished the month mostly with an increase of portfolio’s profitability, only 3 funds recorded negative results. The range of open-ended CIIs’ rates of return in June was from +4.03% to -4.45%.

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

"VSI" (+UAH 18.80 thsd. (+1.15%)) - due to the additional placement of certificates (an increase in circulation by 1.78%) received a net inflow in the amount of +UAH 29.46 thsd.;

"Sofiivskyi" (+UAH 198.89 thsd. (+4.03%)) - an increase of NAV occurred due to a positive revaluation of the investment portfolio’s components;

“KINTO-Ekviti” (+UAH 48.86 thsd. (+1.20%)) - the growth of net assets also occurred due to the growth of investment portfolio’s assets.

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

"KINTO-Klasychnyi" (+UAH 307.66 thsd. (+1.31%) - despite positive revaluation of the portfolio, the purchase of a small number of certificates from investors (-0.11% in circulation) led to a net outflow of capital in the amount of –UAH 25.67 thsd.;

"Nadbannia" (+UAH 16.02 thsd. (+1.94%) - net outflow was –UAH 3.93 thsd. due to the purchase of 45 investment certificates;

The list of key 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 “KINTO-Klasychnyi” (43.30% of the total NAV (UAH 23.82 mln.)), “Sofiivskyi” Fund took the second place (9.32% (UAH 5.13 mln.), Fund "UNIVER.UA/Hrushevskyi: Fond Derzhavnykh Paperiv" was the third (7.66% (UAH 4.22 mln.). "KINTO-Equity" was on the fourth place (7.48% (UAH 4.11 mln.)), fund "Altus-Deposit" (6.67% (UAH 3.67 mln.)) closed the top five.

Among the leaders in terms of rates of return were the following funds: “Sofiivskyi” (+4.03%), “UNIVER.UA/Yaroslav Mudryi: Fond Aktsii (+3.61%) and “UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi” (+2.58%).

The worst indicators in June were demonstrated by “TASK Resurs” (-4.45%), “VSI” (-0.62%) and “Bonum Optimum” (-0.10%).

INTERVAL FUNDS

In June the review included 3 interval CII, whose net assets, according to UAIB data, amounted to UAH3.18mln. In comparison with indicators of this sector as at the end of the previous month, the total NAV of funds decreased by -UAH 80.68thsd. (-2.47%).

Changes in the value of investment portfolios in the sector of interval funds this month occurred solely at the expense of revaluation of assets, changes of net capital were not recorded.

Fund "Parytet" became the growth leader in the sector of interval CII in June (+UAH 19.20thsd. (+1.37%)) - an increase of net assets’ value was due to the rising value of investment portfolio’s components.

The largest decreases of NAV were recorded in June by the following funds:

"Optimum" (-UAH 1.13 thsd. (-0.24%)) and "TASK Ukrainskyi Kapital" (-UAH 98.76 thsd.

(-7.08%)).

The range of interval funds’profitability in June was from +1.37% to -7.08%.

Fond “Parytet” became the leader in terms of rates of return (+1.37%).

The worst indicators in June were demonstrated by the following funds: “TASK Ukrainskyi Kapital (-7.08%) and”Optium” (-0.24%).

CLOSED-ENDFUNDS

Net assets value of 3 closed-end CII, which wereincluded in June review, as at the end of the month amounted to UAH 3.42 mln. According to filed indicators, the aggregate NAV of these funds decreased by -UAH 2.36thsd. (-0.24%).