Monthly Performance Review of Publicly Offered CII in Ukraine. July 2018

14 August 2018

For the second consecutive month, Ukrainian stock exchanges closed in the "green" zone, the UX index increased by +3.15%, the PFTS index added +9.89%.

In July, all sectors of public investment institutions completed the month with the following indicators: sector of closed-end funds became the leader by rates of return "since the beginning of the year" +17.94% (+8.72% for the month)), the second place was taken by open-ended CII +7.63% (+3.47% for the month), and interval CII fell in the third place with an index of +1.48% (+4.38% for the month).

OPEN- ENDED FUNDS

According to the UAIB, the value of net assets of 15 open-ended CII as at July 31, 2018 amounted to UAH 84.31 mln. According to the indicators at the end of July, the total increase of NAV amounted to +UAH 2,683.29 thsd. (+3.29%).

All sector’s funds completed the month with increasing returns, the range of returns of open-ended CII varied from +11.99% to +0.77%.

According to the results of July, the leaders of the sector's growth were:

"VSI" (+UAH 296.82 thsd. (+20.30%)) - due to a positive revaluation of portfolio’s components and to the additional placement of certificates (+19.00% in circulation) fund received a net inflow amounted to +UAH 331.04 thsd.

“OTP Fond Aktsii" (+UAH 666.34 thsd. (+4.97%)) - due to attraction of investors' funds (+ 0.17% in circulation) and growth of investment portfolio fund received +UAH 29.71 thsd. of net inflow;

“UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi” (+UAH 58.53 thsd. (+3.86%)) - the same, due to a positive reassessment of portfolio’s components and additional placement of certificates

(+1.69% in circulation) received a net inflow amounted to + UAH 25.77 thsd.

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

“KINTO-Klasychnyi” (+UAH 645.29 thsd. (+2.21%)) - despite the positive revaluation of portfolio’s components, the largest net outflow in the sector, which was related to the redemption of certificates from investors (-0.39% in circulation), led to the outflow of net capital in the amount of - UAH 115.00 thsd.;

"Altus-Zbalansovanyi" (-UAH 70.03 thsd. (-2.26%)) - redemption of 21 investment certificates from the fund’s participants caused a net outflow of capital in the amount of – UAH 93.42 thsd.;

"OTP Klasychnyi" (-UAH 15.51 thsd. (-0.31%)) - presentation for redemption of 23 certificates by investors led to fund’s losses amounted to “net” – UAH 73.58 thsd.

The list of key players in the sector in July was as follows: the first place among the open-ended CII in terms of market share was taken by the fund “KINTO-Klasychnyi" (35.46% of the aggregate NAV (UAH 29.89 mln.)), the second one was taken by the fund “OTP Fond Aktsii” (16.70% (UAH 14.03 mln.), the third place was taken by the fund "UNIVER.UA/Mykhaylo Hrushevsky: Fond Derzhavnykh Paperiv” (7.78% (UAH 6.56 mln.)). The fourth place was fixed by the fund “Sofiiivskyi”, "KINTO-Ekviti" (6.78% (UAH 5.71 mln.)) has completed five of the sector’s leaders.

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

“Nadbannia” (+11.99%), “Sofiivskyi” (+10.63%) and “OTP Fond Aktsii” (+4.78%).

The lowest indicators of changes in the value of their securities in July were demonstrated by funds: "Altus-Zbalansovanyi” (+0.77%), "Altus-Deposyt" (+1.08%) and "VSI" (+1.09%).


INTERVAL FUNDS

In July, the survey included 3 interval CII, whose net assets, according to UAIB, amounted to UAH 2.95 mln. Compared with the indicators of this sector at the end of the previous month, the total NAV of funds decreased by –UAH 258.29 thsd. (-8.05%).

According to the results of the month,fund “Parytet”became the leader in the sector (+81.81 thsd. (+5.63%)) - due to a positive revaluation of portfolio’s components.

The largest reductions of NAVs were recorded by the following funds:

“TASK Ukrainskyi Kapital” (-UAH 96.90 thsd. (-7.48%)) - due to the purchase of a significant amount of securities from investors (-29.49% in circulation), the fund received a net outflow of –UAH 454.23 thsd.;

"Optimum" (-UAH 2.58 thsd. (-0.79%)) - the negative change of NAV occurred due to the reduction of value of the investment portfolio’s components.

Funds “TASK Ukrainskyi Kapital” (+8.29%) and “Parytet” (+5.63%) became the leaders in terms of return, and the worst indicators of changes in the value of their securities were fixed by the fund “Optimum” (-0.79%).


CLOSED-ENDFUNDS

The net asset value of 2 closed-end CII included in July survey, at the end of the month amounted to UAH 14.09mln. According to the provided indicators, the total NAV of these funds increased by +UAH 2,081.44 thsd. (+17.33%). Such a significant increase was due to the attraction of investors' assets by the fund "Indeks Ukrainskoi Birzhi" (+UAH 2,013.85 thsd. (+18.30%)) - an additional placement of equities (+6.81% in circulation) allowed the fund to increase the inflow of net capital in the amount of +UAH 789.80 thsd.

According to the results of July, the rates of funds’ returns in the sector were as follows: "Indeks Ukrainskoi Birzhi" (+10.76%) and "TASK Universal" (+6.68%).

Open-ended funds' NAV in 02.2023 - 02.2024

Open-ended funds' NAV at end of February 2024

Fund nameNAV, UAHNumber of investment certificates/shares in circulationNAV per IC/share, UAHIC/share Face Value, UAHAMC name
VSPIF "UNIVER UA Yaroslav Mudriy" Fond Akciy"9 234 759.278 3261 109.141 000.00TOV "KUA "Univer Menedzhment"
VSPIF ""OTP Klasichniy""74 645 727.8611 0886 732.121 000.00TOV "KUA "OTP Kapital"
VSPIF UNIVER UA Mihaylo Grushevskiy" Fond Derzhavnih Paperiv6 706 844.771 0436 430.341 000.00TOV "KUA "Univer Menedzhment"
VSPIF UNIVER UA Taras Shevchenko" Fond Zaoshchadzhen1 835 617.473665 015.341 000.00TOV "KUA "Univer Menedzhment"
VIDKRITIY SPECIALIZOVANIY PAYOVIY INVESTICIYNIY FOND "VSI"2 629 864.391 4321 836.491 000.00TOV "KUA "Vsesvit"
VDPIF"Altus-zbalansovaniy"4 727 923.256757 004.331 000.00TOV "KUA "ALTUS ASSETS AKTIVITIS"
VDPIF "Altus-Depozit"6 097 532.891 2564 854.721 000.00TOV "KUA "ALTUS ASSETS AKTIVITIS"
VDPIF "KINTO-Klasichniy" PrAT "KINTO"24 729 025.3144 403556.92100.00PrAT "KINTO"
VDPIF "TASK Resurs"1 040 862.349531 092.191 000.00TOV "KUA "TASK-INVEST"
VDPIF "KINTO-Kaznacheyskiy" PrAT "KINTO"4 038 460.9712 757316.56100.00PrAT "KINTO"
PIF "Sofijivskiy"2 787 490.522 5661 086.311 000.00TOV "KUA "Iveks Esset Menedzhment"
VSPIF "NADBANNYa" TOV "KUA "ART-KAPITAL MENEDZhMENT"735 303.277 88193.30100.00TOV "KUA "ART-KAPITAL MENEDZhMENT"
PIF KINTO-Ekviti PrAT "KINTO"1 501 661.353 145477.471 000.00PrAT "KINTO"
VDPIF "UNIVER UA Volodimir Velikiy" Fond Zbalansovaniy"1 494 018.905292 824.231 000.00TOV "KUA "Univer Menedzhment"
VSPIF "OTP Fond Akciy"9 172 895.046 434 4051.431.00TOV "KUA "OTP Kapital"

Open-ended funds' NAV dynamics in 02.2023 - 02.2024

Rate of Return in February 2024