Monthly Performance Review of Publicly Offered CII in Ukraine. August 2017
In August, Ukrainian stock exchanges completed the month multi-directionaly: the UX index increased by +0.99%, while the PFTS index lost -0.37%.
By rates of return "from the beginning of the year" in August sectors of public collective investment institutions were distributed as follows: sector of closed-end funds became the leader
+23.87% (-1.27% for the month), the second place was taken by interval CII +19.16% (+1.00% for the month), while open-ended CII fell in the third place with an indicator of +15.64% (+0.98% for the month).
OPEN-ENDED FUNDS
According to the UAIB data, the value of net assets of 18 open-ended CII as at 31.08.2017 amounted to UAH67.26 mln. According to indicators as at the end of August, the total increase of NAV amounted to +UAH 674.37 thsd.(+1.01%).
Sector’s funds completed the month mainly with increasing yield, only three funds recorded a negative result. Range of the open-ended CIIs’ rates of return varied from +3.59% to -0.92%.
Based on August results, the following funds were the growth leaders in the sector:
"OTP Fond Aktsii" (+UAH 345.63 thsd. (+6.59%)) - due to a positive revaluation of portfolio’s components and to additional placement of certificates (+5.43% in circulation), it received a net inflow of capital at the amount of +UAH 287.91 thsd.;
“UNIVER.UA/Taras Shevcehko: Fond Zaoshchadzhen" (+UAH 38.67 thsd. (+1.27%)) - due to attraction of investors' funds (+0.77% in circulation) and growth of investment portfolio, the Fund received UAH 23.37 thsd. of net inflow.
The largest payments to investors were made in August by the following funds:
"OTP Klasychnyi" (-UAH 511.01 thsd. (-13.21%)) - the largest net outflow in the sector in the amount of –UAH 549.86 thsd. associated with the ransom of great number of certificates from investors (-14.15% in circulation);
"KINTO-Klasychnyi" (+UAH 535.71 thsd. (+2.22%)) - despite positive reassessment of portfolio’s components, the redemption of 444 investment certificates from the fund's members resulted in a net outflow of capital in the amount of –UAH 219.03 thsd.;
The list of major players in the sector in August remained unchanged. The first place among the open-ended CII in terms of market share was taken by the “KINTO-Klasychnyi” fund (36.66% of the total NAV (UAH 24.66 mln.)), the second place was taken by the “OTP Fond Aktsii” fund (8.32% (UAH 5.59 mln.), “Sofiivskyi” fund closed the trio of leaders (7.99% (UAH 5.38 mln.)). "UNIVER.UA / Mikhailo Grushevskyi: Fond Derzhavnykh Paperiv" gained a foothold on the fourth place (6.36% (UAH 4.28 mln.)), “KINTO-Ekviti” fund (6.24% (4.20 mln. UAH)) located on the honorable fifth place.
The highest rates of return were demonstrated by the following funds:
“Sofiivskyi” (+3.59%), “KINTO-Klasychnyi” (+3.14%) and “Nadbannia” (+2.31%).
The worst indicators of changes in the value of their securities in August were demonstrated by the following funds: “TASK Resurs” (-0.92%), “UNIVER.UA/Yaroslav Mudryi: Fond Aktsii” (-0.34%) and “Bonum Optimum” (-0.08%).
INTERVAL FUNDS
In August the review included 5 interval CII, whose net assets, according to UAIB data, amounted to UAH15.87mln. In comparison with indicators of this sector as at the end of the previous month, the total NAV of funds increased by +UAH 163.13thsd. (+1.04%).
According to the results of the month, the following funds became the leaders of growth in the sector:
“Platynum” (+UAH 79.06 thsd. (+0.80%)) due to a positive reassessment of the portfolio’s components and additional placement of certificates (+0.16% in circulation) it received net inflow in the amount of +UAH 15.51 thsd.;
“Parytet” (+UAH 17.54 thsd. (+1.17%)) – also growth of NAV and attraction of investors’ assets (+0.13%) led to the inflow of net capital in the amount of UAH 1.92 thsd.
Major reduction in NAV was fixed by "TASK Ukrainskyi Kapital"fund: (-UAH 1.21 thsd.
(-0.10)) - a negative change in NAV occurred due to reduction of investment portfolio components’ value.
The following funds became leaders by rates of return: “Aurum” (+2.31%), “Optimum” (+1.08%) and “Parytet” (+1.05%), while “TASK Ukrainskyi Kapital” fund demonstrated the worst performance indicator for changes in the value of its securities (-0.10%).
CLOSED-END FUNDS
Net asset value of 2 closed-end CII included in August survey, as at the end of the month amounted to UAH 8.30 mln. According to the provided indicators, the total NAV of these funds increased by +UAH 6.09 thsd. (+0.07%).
According to the results of August, “Indeks Ukrainskoi Birzhi” fund became the leader of growth in the sector (+UAH 36.19 thsd. (+0.50%)) - due to positive revaluation of investment portfolio.