Monthly Performance Review of Publicly Offered CII in Ukraine. July 2016
Indicators of Ukrainian Stock Exchanges demonstrated growth the second consecutive month. UX index added +6.28%, while PFTS index +1.15%. Due to these positive indicators, sector of open-ended CII had succeed to attract investors’ funds (by overall results).
Open-ended investment funds continued to top the list of “year-to-date” rates of return with +7.74% (+2.65% in July), interwal funds were the second ones (-1.35% (+1.47% for the month)), the sector of closed-end CII remained on the third place with indicator -1.61% (+5.89%).
OPEN - ENDED FUNDS
As per UAIB data, net asset value of 18 open-ended CII as at 29.07.2016 amounted to UAH55.07mln. According to the indicators of the end of the previous month, the total increase in NAV of net assets amounted to +UAH1,658.61thsd. (+3.29%). Total net inflow in the sector amounted to +UAH 518.72 thsd.
Sector’s funds finished the month mostly with increased profitability, with only one fund registering negative result. The range of rates of return of open-ended CII in July varied from +6.75% tо -0.43%.
Based on July results, the following Funds were the growth leaders in the sector:
«ОТP Кlasychnyi» (+UAH 1,215.13 thsd. (+132.54%)) – due to attracting of investors’ funds (+129.27% in circulation) received UAH 1,198.71 thsd. of net income;
«VSI» (+36.08 thsd. (+2.54%)) – due to additional placement of 12 certificates received the net inflow in the amount of UAH 13.63 thsd.
The largest payments to investors were made in July by the following funds:
«KINTO-Kaznacheiskyi» (-UAH 401.25 thsd.(-19.84%)) – the largest net outflow in the sector in the amount of –UAH 454.67 thsd. due to redemption of significant amount of investors' certificates
(-22.04% in circulation);
«КІNТО-Кlasychnyi» (+UAH 125.73 thsd. (+0.59%)) – the net outflow amounted to -UAH 205.81 thsd. also due to repurchases of investment certificates (-0.96% in circulation);
«Altus-Zbalansovanyi» (-UAH 12.21 thsd. (-0.46%)) – due to repurchase of 9 investment certificates, the Fund suffered net outflow amounting to –UAH 32.86 thsd.
The list of major sector’s players in July experienced minor changes. Fund "KINTO-Klasychnyi” occupied the first place by market share among open-ended CII (38.72% of aggregate NAV (UAH 21.32 mln.), the second place went to Fund "UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv" (9.34% (UAH 5.14 mln.)). Fund «Sofiivskyi» ended in the third place (6.58% (UAH 3.62 mln.), shifting Fund «КІNТО-Еkviti» (6.42% (UAH 3.54 mln.)) to the fourth place. «Аltus-Deposyt» placed on the honourable fifth place.
Among leaders by the rates of return there were the following Funds: «UNIVER.UA/Yaroslav Mydryi: Fond Aktsii» (+6.75%), «Аrgentum» (+6.71%) and «UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi» (+5.98%).
The lowest rates of return in July were demonstrated by Fund «SЕМ Аzhio» (-0.43%).
INTERVAL FUNDS
In July, the review included 6 interval CII, whose net assets, according to UAIB data, equaled UAH 13.85 mln.Compared with this sector’s indicators as of the end of the previous month, an aggregate NAV of these funds increased by +UAH 94.22thsd. (+0.74%).
Based on results of July, Fund «Aurum» became the growth leader of the sector (+UAH 52.77 thsd.(+3.02%))– due to additional placement of 40 securities, Fund received UAH 1.29 thsd. of net inflow.
Fund «Platynum» made the largest payments to investors in July(+UAH 9.36 thsd. (+0.11%)) – investors presented for redemption 295 units of certificates, that led to the net outflow of capital in the amount of –UAH 80.46 thsd.
The rest of Funds did not register any changes of net capital.
The range of interval funds’ rates of returnin July varied from +2.95% tо -0.49%.
Funds «Aurum» (+2.95%), «UNIVER.UA/Оtaman: Fond Perspektyvnyh Aktsii» (+2.18%) and «Zbalansovanyi Fond "Parytet"» (+1.66%) became the leadersby rates of return.
Fund «Оptimum» demonstrated the worst results (-0.49%).
CLOSED-ENDFUNDS
Net asset value of 4 closed-end CII, which were included in the July review, at the end of the month totaled UAH 10.74 mln. According to filed indicators, the aggregate NAV of these funds increased by +UAH 467.58 thsd. (+5.08%).
No fund recorded any changes in net equity, NAV growth in the sector was exclusively due to positive revaluation of investment portfolios' components.
Range of rates of return of closed-end Funds in July was from +8.15% to +1.91%.
Indicators of rates of return in July were the following: «UNIVER.UA/Skif: Fond Nerukhomosti» (+8.15%), «Іndeks Ukrainskoi Birzhi» (+7.61%) and «АntyBank» (+1.91%).