Monthly Performance Review of Publicly Offered CII in Ukraine. January 2024

08 February 2024
Monthly Performance Review of Publicly Offered CII in Ukraine. January 2024

According to the results of January, the Ukrainian Stock Exchange index decreased by -7.44%, while the PFTS index remained unchanged.

According to the level of profitability, the CII sectors with public placement were distributed as follows: closed-end funds were in the first place - (+1.19%), open-ended CIIs took the second place - (+0.40%), and data on the activity of interval CIIs is insufficient for analysis.

OPEN-ENDED FUNDS

According to UAIB data, the value of net assets (NAV) of 16 open-ended CIIs that submitted reports for January amounted to UAH 147.19 M. According to the data received at the end of the previous month, the total decrease in the value of net assets amounted to -UAH 4,734.92 k (-3.12%).

In January, the yield range of open-ended investment funds ranged from +1.69 to -1.10%. According to the results of the month, six funds recorded a decrease in the level of profitability, the rest ended the month with growth.

The leaders in the growth of the value of net assets (NAV) in the open-ended CII sector were:

"UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (+UAH 107.38 k (+1.58%)) - the fund received the largest increase in NAV thanks to the positive revaluation of the components of the investment portfolio;

 "Altus-Zbalansovanyi" (+UAH 42.78 k (+0.92%)) - similarly, the increase in NAV was due to the growth of the fund's assets;

 "Altus-Deposyt" (+UAH 39.06 k (+0.65%)) - a positive revaluation of the components of the investment portfolio led to an increase in NAV.

The following funds made the largest payments to investors in January:

"OTP Klasychnyi" (-UAH 4,371.00 k (-5.89%)) - the purchase of a small number of certificates from investors (-6.94% in circulation) led to an outflow of net capital in the amount of - UAH 5,192.84 k;

"KINTO-Kaznacheiskyi" (-UAH 647.57 k (-13.86%)) - buyback from investors of a significant amount of IC (-13.40% in circulation) led to fund's losses of - UAH 624.39 k "net ";

 "OTP Fond Aktsii" (-UAH 158.49 k (-1.61%)) - similarly, redemption of IC from investors (-0.67% in circulation) led to an outflow of net capital in the amount of - UAH 65.92 k.

The first place among open-ended CIIs in terms of market share was taken by the "OTP Klasychnyi" fund (47.41% of the total NAV (UAH 69.79 M)), the second step - by the "KINTO- Klasychnyi" fund (16.73% (UAH 24.62 M )), "OTP Fond Aktsii" was the third one (6.57% (UAH 9.66 M)). The fourth place was taken by the fund "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (6.27% (UAH 9.23 M), the fund "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" took the honorable fifth place (4 .69% (UAH 6.90 M)).

The leaders in terms of profitability were the following funds: "UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen" (+1.69%), "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (+1.58%) and "KINTO-Ekviti" (+1.52%).

The lowest indicators in January were recorded by the following funds: "Nadbannia" (-1.10%), "OTP Fond Aktsii" (-0.68%) and "Sofiivskyi" (-0.66%).

 

INTERVAL FUNDS

In January, 1 interval CII was included in the review, the net assets of which, according to the UAIB data, were equal to UAH 721.46 k. The provided data was insufficient, which made it impossible to conduct a comparative analysis of the activity of interval CII.

CLOSED-END FUNDS

In January, 2 closed-end CIIs were included in the review, the value of whose net assets at the end of the month amounted to UAH 7.31 M. Compared to the indicators of this sector at the end of the previous month, the total NAV increased by UAH 82.15 k (+1.14%).

Payments to investors in January were not recorded in the sector, therefore there were no changes in net capital, changes in NAV occurred due to revaluation of the components of the investment portfolio.

The range of returns of closed-end funds in January was as follows: "Indeks Ukrainskoi Birzhi" (+4.78%) and "KINTO-Hold" (-2.40%).

Key Figures
Total number of members283as at 12.04.24
Number of AMC278as at 12.04.24
Number of NPF administrators16as at 12.04.24
Number of CII1784as at 12.04.24
Number of NPF*53as at 12.04.24
IC Number*1as at 31.01.24
AuM, UAH M608 656as at 31.01.24
NPF assets under administration, UAH M2 815as at 31.01.24