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

In September, Ukrainian stock exchanges completed the month with growth: the UX index increased by +4.93%, the PFTS index by +2.49%.

By rates of return "from the beginning of the year" sectors of public collective investment institutions were distributed in Setember as follows: sector of closed-end funds became the leader

+27.10% (+1.87% for the month), the second place was taken by interval CII +15.74% (+2.51% for the month), and open-ended CII fell in the third place with an indicator of +5.99% (+2.40% for the month).

OPEN- ENDED FUNDS

According to the UAIB data, value of net assets of 17 open-ended CII as at 29.09.2017 amounted to UAH69.77 mln. According to indicators as at the end of September, the total increase of NAV amounted to +UAH 4,266.11 thsd. (+6.51%).

Sector’s funds completed the month mainly with increasing yield, only one fund recorded the negative result. Range of the open-ended CIIs’ rates of return varied from +8.09% to -2.45%.

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

“UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv” (+UAH 920.48 thsd. (+21.53%)) – due to positive revaluation of portfolio’s components and additional placement of great number of certificates (+20.40% in circulation) received a net inflow of capital in the amount of +UAH 880.79 thsd.;

"OTP Fond Aktsii" (+UAH 745.51 thsd. (+13.33%)) – due to attraction of investors' funds (+12.01% in circulation) and growth of investment portfolio received UAH 672.99 thsd. of net inflow;

“OTP Klasychnyi” (+UAH 82.50 thsd. (+2.46%)) – received UAH 45.49 thsd. of net inflow due to attraction of investors' funds and positive revaluation of portfolio.

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

"Nadbannia" (-UAH 80.59 thsd. (-8.79%)) - the largest net outflow in the sector in the amount of –UAH 94.25 thsd. associated with the ransom of great number of certificates from investors (-10.29% in circulation);

"KINTO-Klasychnyi" (+UAH 1,603.71 thsd. (+6.50%)) - despite positive reassessment of portfolio’s components, redemption of 19 investment certificates from the fund's members resulted in a net outflow of capital in the amount of –UAH 9.51 thsd.;

The list of major players in the sector in September remained unchanged. The first place among open-ended CII in terms of market share was taken by the “KINTO-Klasychnyi” fund (37.64% of the total NAV (UAH 26.26 mln.)), the second place was taken by the fund “OTP Fond Aktsii” (9.09% (UAH 6.34 mln.), “Sofiivskyi” fund closed the trio of leaders (8.08% (UAH 5.64 mln.)). The fourth place was fixed by the fund "UNIVER.UA/Mikhailo Grushevskyi: Fond Derzhavnykh Paperiv" (7.45% (UAH 5.20 mln.)), fund “KINTO-Ekviti” (6.51% (4.53 mln. UAH)) located on the honorable fifth place.

The highest rates of return were demonstrated by the following funds:

KINTO-Ekviti» (+8.03%), “UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi” (+6.68%) and “КІNТО-Klasychnyi” (+6.54%).

The worst indicators of changes in the value of their securities in September were demonstrated by fund “Altus-Stratehichnyi” (-2.45%).

INTERVAL FUNDS

In Setember the review included 3 interval CII, whose net assets, according to UAIB data, amounted to UAH3.12mln. In comparison with indicators of this sector as at the end of the previous month, the total NAV of funds decreased by -UAH 47.42 thsd. (-1.50%).

Fund “Parytet” made the largest payments to investors in September (-UAH 5.30 thsd.

(-0.35%))- due to a negative revaluation of the portfolio and presentation of 18 securities it received –UAH 34.99 thsd. of capital’s net outflow.

The following funds became leaders by rates of return: “Parytet” (+2.00%), and “TASK Ukrainskyi Kapital” (+0.06%), fund “Optimum” demonstrated the worst performance indicator for changes in the value of its securities (-9.26).

CLOSED-ENDFUNDS

Net asset value of 2 closed-end CII included in September survey, as at the end of the month amounted to UAH 8.64 mln. According to the provided indicators, the total NAV of these funds increased by +UAH 341.67 thsd. (+4.12%).

According to the results of September, “Indeks Ukrainskoi Birzhi” fund became the leader of growth in the sector (+UAH 351.75 thsd. (+4.79%)) - due to positive revaluation of investment portfolio.