Q1 2017 highlights of the Ukrainian asset & fund management industry

Asset management companies in Ukraine hadUAH 247 billion (EUR 8.5 billion) of the formed Collective Investment Institutions Assets as at the end of Q1 2017. This represents a 7.3%growth (in UAH) for the quarter and 3.9% annually.

Total NAV ofopen-ended CII (funds) amounted to UAH 61mlnas at March 2017 end thanks to growth of 5.8% in Q1 (and 14.2% over the year). Quarterly net sales were negative and amounted to UAH 1.4 mln, after the outflow of almost UAH 1 mln in the previous quarter, and along with the stock market upsurge by 31% in the quarter.

NAV of closed-end funds with public offeradded 1% in Q1 2017 to stand at UAH 2,739mln (but annualy contracted by 16.6%). Meanwhile, closed-end funds with private placement expanded by 4.9% to UAH 5,072mln (-17.6% over the past year).

Venture CIIs’ total NAVreturned to growth – by 8.8% over the quarter, to UAH 196,592mln (+1.8% annually).

Number of AMCsstabilised after a continuous contraction since Q4 2013 to stand at 295 companies, while the number of formed (‘established’) CII rose for the first time since Q1 2014– to 1143. Moreover, there was a stable number of newly registered CII (mainly in the venture funds sector) – 23 such funds emerged in the Q1 2017 (+1.4% of the registered CII in total).

Foreign investors (institutional and individual) in Ukrainian CII amounted to 562 and comprised 0.2% of all CII investors holding 20.8% of their total NAV. Of those, 99% were legal entities (seven of them still invested in open-ended funds as before).

Meanwhile, more than 73-percent share in the open-ended funds’ NAV belonged to domestic retail investors who accounted for 98.6% of all their investors.

Open-ended funds had RoR of +10.2% in Q1 2017 (+25.1% annually) and thus led among the CII categories by fund type.

Among the publicly offered diversified and specialised CII, the highest performance in the quarter was againshown by equity funds (+15.7%), raising their annual rate of return to 64.5%.Bond fundslagged behind with +1.7% for Q1 2017 (and +11.4% for the past year).

See more at the UAIB website:

The Ukrainian Fund Market in Figures

Quarterly Anual CII Industry Reviews

Full report in Ukrainian

Q4 2016 & FY 2016 full report in English

For enquiries, please contact:

Anastasiia Gavryliuk (Director of International Relations & Senior Analyst at UAIB) – gavrylyuk@uaib.com.ua