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

10 July 2018

By results of June, the index of the Ukrainian stock exchange (as at June 27, 2018) decreased by -6.43%, while the PFTS index, by contrast, added +2.55%.

In June, all sectors of public funds suffered a decline of returns. By the rate of return for a month, the sectors of public CII were distributed as follows: in the first place – open-ended funds

(-0.92%), in the second place - interval ones (-2.01%), closed-end CII were in the third place (-4.13%) .


OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 15 open-ended CII as at June 27, 2018 amounted to UAH 81.63 mln. According to the data provided at the end of the previous month, the total decrease of net assets amounted to UAH 153.42 thsd.(-0.19%). However, due to the attraction of investors' funds, the net inflow to the sector amounted to +UAH 697.52 thsd.

The vast majority of funds completed the month with a decline in portfolios’ yields, only 5 funds remained in the "green" zone. In June, the range of returns of investment funds varied from +1.17% to -3.77%.

According to the results of June, the leaders of growth in the sector of open-ended CII were the following funds:

“OTP-Klasychnyi" (+UAH 841.41 thsd. (+20.53%)) - due to the additional placement of certificates (increase in circulation by 19.19%) received a net inflow of UAH 786.86 thsd.;

“UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen” (+UAH 34.67 thsd. (+3.29%)) - at the expense of positive revaluation of investment portfolio’s components and additional placement of 10 ICs the fund received UAH 26.30 thsd. of net inflow of capital;

"KINTO-Kaznacheiskyi” (-UAH 18.88 thsd. (-0.78%)) - despite the negative revaluation of NAV, additional attraction of investors' funds (+0.82% of IC in circulation) allowed the fund to receive “net” UAH 19.57 thsd.

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

"VSI" (-UAH 115.38 thsd. (-7.31%)) - the purchase of a significant number of certificates from investors (-7.00% in circulation) led to the largest net outflow of capital in the sector at the amount of

-UAH 111.19 thsd.;

“KINTO-Klasychnyi" (-UAH 280.18 thsd. (-0.95%)) - net outflow was –UAH 22.77 thsd. due to the purchase of 38 investment certificates;

"KINTO-Ekviti" (-UAH 115.51 thsd. (-2.05%)) - similarly, the presentation for redemption of 13 ICs led to a net outflow of capital in the amount of –UAH 15.89 thsd.

The list of major sector’s players in June was as follows: the first place among the open-ended CII in terms of market share was taken by the fund “KINTO-Klasychnyi" (35.83% of the total NAV (UAH 29.25 mln.)), the second one was the fund “OTP Fond Aktsii” (16.44% (UAH 13.42 mln.)), the third place was taken by the fund "UNIVER.UA/Mykhaylo Hrushevsky: Fond Derzhavnykh Paperiv” (7.93% (UAH 6.47 mln.). Fund "KINTO-Ekviti" was the fourth one (6.77% (UAH 5.52 mln.)), fund “Sofiiivskyi” closed the five leaders (6.74% (UAH 5.50 mln.)).

Among the leaders in terms of returnsthe following fundswere distinguished: “OTP Klasychnyi" (+1.17%), "UNIVER.UA/Mykhaylo Hrushevsky: Fond Derzhavnykh Paperiv”(+0.93%) and “UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen” (+0.78%).

The worst performance indicators in June were shown by funds “Nadbnnia” (-3.77%), “Sofiiivskyi” (-3.01%) and “OTP Fond Aktsii” (-2.67%).


INTERVAL FUNDS

In June, the review included 3 interval CII, whose net assets, according to UAIB, amounted to UAH 3.21 mln. Compared to the indicators of this sector at the end of the previous month, the aggregate NAV decreased by –UAH 84.49 thsd. (-2.57%).

Only one fund - “Parytet” (-UAH 20.69 thsd. (-1.40%))) redeemed 1 security from investors, due to which it had –UAH 1.92 thsd. of net outflow of capital; changes of the investment portfolios’ value in the remaining funds were solely due to the revaluation of assets, changes in net capital were not recorded.

In June, according to the level of rates of return, the sector’s funds were distributed as follows: “TASK Ukrainskyi Kapital” (-4.15%),”Parytet” (-1.27%) and “Optimum” (-0.59%).

 

CLOSED-ENDFUNDS

The net asset value of 2 closed-end CII included in June survey, at the end of the month amounted to UAH 12.01 mln. According to the provided indicators, the total NAV of these funds decreased by -955.97 thsd. (-7,37%) - due to significant payments to investors.

The Fund "Indeks Ukrainskoi Birzhi" (-UAH 923.33 thsd. (-7.74%)) lost "net" –UAH 320.38 thsd. through the presentation for redemption of a considerable amount of equities (-2.76% in circulation).

In June, according to the level of rates of return, the sector’s funds were distributed as follows: "Indeks Ukrainskoi Birzhi" (-5.13%) and "TASK Universal" (-3.13%).

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