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

11 October 2018

In September, Ukrainian stock exchanges closed with growing rates, UX index increased by +1.72%, and PFTS index by +1.95%.

All sectors of public collective investment institutions completed the month with the following indicators: closed-end funds became the leaders by rates of return from the beginning of the year:

+18.37% (+1.43% for the month), the second place was taken by open-ended CII: +7.25% (+1.19% for the month), and interval CII fell in the third place with an indicator of +3.87% (+2.89% for the month).


OPEN- ENDED FUNDS

According to the UAIB, the value of net assets of 16 open-ended CII as at September 28, 2018 amounted to UAH 84.89 M. According to the indicators as at the end of August, the total increase of NAV amounted to +UAH 269.25 thsd. (+0.32%).

All of the sector’s funds completed the month with an increase of investments, and only one fund recorded decline. The open-ended CIIs’ range of rates of return varied from +6.41% to -0.70%.

According to the results of September, the leader of the sector's growth was the fund “KINTO-Ekviti” (+UAH 63.37 thsd.(+1.10%)) - due to a positive reassessment of portfolio’s components and additional placement of 27 certificates, it received a net inflow of +UAH 34.72 thsd.;

The rest of the funds received positive NAV dynamics solely at the expense of investment portfolios components’ growth, there was no additional attraction of investors' funds.

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

"VSI" (-UAH 253.91 thsd. (-13.29%)) - the largest net outflow in the sector related to the redemption of a significant number of certificates from investors (-13.51% in circulation), led to the outflow of net capital in the amount of –UAH 257.96 thsd. ;

"OTP Fond Aktsii" (-UAH 89.13 thsd. (-0.67%)) - redemption of investment certificates from the fund’s participants caused a net outflow of capital in the amount of -UAH 253.47 thsd.;

"KINTO-Kaznacheiskyi" (-UAH 244.83 thsd. (-9.80%)) - presentation of certificates to repayment by investors (-9.86% in circulation) led to fund’s losses of “net” –UAH 245.57 thsd.

The list of key sector’splayers in September was as follows: the first place among the open-ended CII in terms of market share was taken by the fund “KINTO-Klasychnyi" (36.13% of the aggregate NAV (UAH 30.67 M)), the second one was taken by the fund “OTP Fond Aktsii” (15.56% (UAH 13.21 M), the third place was taken by the fund "UNIVER.UA/Mykhaylo Hrushevsky: Fond Derzhavnykh Paperiv” (7.82% (UAH 6.63 M)). The fourth place was fixed by the fund “Sofiivskyi” (7.25% (UAH 6.15 M)), "KINTO-Ekviti" (6.84% (UAH 5.8 M)) has completed five of the sector’s leaders.

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

"UNIVER.UA/Yaroslav Mydryi: Fond Aktsii" (+6.41%), “UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi” (+3.04%) and “KINTO-Klasychnyi” (+2.08%).

The smallest indicators of changes of their securities’ value were demonstrated in September by the following funds: “Bonum Optimum” (-0.70%), «КІNТО-Каznacheiskyi” (+0.07%) and “VSI” (+0.26%).


INTERVAL FUNDS

In September, the survey included 3 interval CII, whose net assets, according to UAIB, amounted to UAH 2.91 M. Compared to the indicators of this sector as at the end of the previous month, the aggregate NAV of these funds decreased by -UAH 45.45 thsd. (-1.54%).

According to the results of the month, funds “Optimum” (+UAH 23.99 thsd.(+7.44%)) and “TASK Ukrainskyi Kapital” (+UAH 10.28 thsd.(+0.96%)) became the sector’s leaders of growth – due to positive revaluation of portfolio’s components.

The largest payments to investors were made by the Fund “Parytet” (-UAH 79.72 thsd.

(-5.10%)) - presentation to repayment of 40 securities led to the fund’s losses at the amount of

-UAH 84.14 thsd. of net capital.

By rates of return funds were distribyted as follows: “Optimum” (+7.44%), “TASK Ukrainskyi Kapital” (+0.96%), and “Parytet” (+0.28%).


CLOSED-END FUNDS

Net asset value of 2 closed-end CII included in September survey, as at the end of the month amounted to UAH 12.66M. According to the provided indicators, the total NAV of these funds decreased by –UAH 69.89thsd. (-0.55%), Such decrease took place due to significant payments to investors. The Fund "Indeks Ukrainskoi Birzhi" (-UAH 83.80 thsd. (-0.72%)) had losses of net capital in the amount of –UAH 262.30 thsd. which occurred due to decline of equities in circulation by -2.23%.

According to the results of September, the rates of funds’ returns in the sector were as follows: "Indeks Ukrainskoi Birzhi" (+1.55%) and “TASK Universal” (+1.31%).

Open-ended funds' NAV at end of May 2024

Fund nameNAV, UAHNumber of investment certificates/shares in circulationNAV per IC/share, UAHIC/share Face Value, UAHAMC name
VSPIF "OTP Fond Akciy"10 359 656.906 418 7331.611.00TOV "KUA "OTP Kapital"
VSPIF UNIVER UA Taras Shevchenko" Fond Zaoshchadzhen1 969 846.413665 382.091 000.00TOV "KUA "Univer Menedzhment"
VSPIF UNIVER UA Mihaylo Grushevskiy" Fond Derzhavnih Paperiv7 175 951.881 0436 880.101 000.00TOV "KUA "Univer Menedzhment"
VSPIF "UNIVER UA Yaroslav Mudriy" Fond Akciy"9 770 405.508 3261 173.481 000.00TOV "KUA "Univer Menedzhment"
VDPIF "KINTO-Klasichniy" PrAT "KINTO"25 572 221.8144 430575.56100.00PrAT "KINTO"
VIDKRITIY SPECIALIZOVANIY PAYOVIY INVESTICIYNIY FOND "VSI"3 076 625.451 5901 934.981 000.00TOV "KUA "Vsesvit"
VSPIF ""OTP Klasichniy""71 787 176.9810 1997 038.651 000.00TOV "KUA "OTP Kapital"
VDPIF "UNIVER UA Volodimir Velikiy" Fond Zbalansovaniy"1 547 420.265292 925.181 000.00TOV "KUA "Univer Menedzhment"
VDPIF "KINTO-Kaznacheyskiy" PrAT "KINTO"4 416 368.5512 787345.37100.00PrAT "KINTO"
VDPIF "Altus-Depozit"6 159 448.781 2564 904.021 000.00TOV "KUA "ALTUS ASSETS AKTIVITIS"
VDPIF "Altus-zbalansovaniy"4 772 000.406757 069.631 000.00TOV "KUA "ALTUS ASSETS AKTIVITIS"
VDPIF "TASK Resurs"1 023 784.979531 074.271 000.00TOV "KUA "TASK-INVEST"
PIF "Sofijivskiy"2 470 8792 566962.931 000.00TOV "KUA "Iveks Esset Menedzhment"
VSPIF "NADBANNYa" TOV "KUA "ART-KAPITAL MENEDZhMENT"648 870.877 88182.33100.00TOV "KUA "ART-KAPITAL MENEDZhMENT"
PIF KINTO-Ekviti PrAT "KINTO"1 441 6053 114462.941 000.00PrAT "KINTO"

Rate of Return in May 2024