Monthly Performance Review of Publicly Offered CII in Ukraine. June 2019

15 July 2019

In June, Ukrainian exchanges closed with decreased key indicators, UX index (as at June 27, 2019) decreased by 4.71%, and PFTS index by 4.05%.

By the rate of return for a month, the sectors of CII with public issue had the following breakdown of the results: the sector of open-ended funds got the first place (+0.95%), interval funds took second place (+0.60%) and closed-end funds were the third (-1.85%).


OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 16 open-ended CII as at June 27, 2019 amounted to UAH 83.89M. According to the data provided at the end of the previous month, the total decline of net assets amounted to –UAH 271.29k (-0.40%). Due to significant investor redemptions, net capital outflow in the sector amounted to –UAH 580.88k.

The vast majority of funds finished the month with an increase in portfolios’ rates, with only 5 funds remaining in the red zone. In June, the range for rates of return of investment funds ranged from + 9.46% to -1.31%.

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

"NADBANNIA" (+UAH 69.47k (+ 9.46%)), "Sofiivskyi" (+UAH 42.84k (+ 0.85%)) and "Altus-zbalansovanyi" (+UAH 33.71k (+ 1.03%)) in which an increase in NAV occurred due to a positive revaluation of the components of investment portfolios.

The following funds made the biggest payments to investors in June:

"VSI" (-UAH 373.44k (-23.67%)) - the redemption of a significant number of certificates from investors (-23.26% in circulation) has led to the largest net outflow of capital in the sector amounting to UAH 365.48k;

"KINTO-Ekvity" (-UAH 124.35k (-2.22%)) - net outflow was -UAH 113.72k due to the redemption of 90 investment certificates;

«KINTO-Klasychnyi» (+UAH 37.14k (+ 0.12%)) - similarly, the redemption of 86 IC has resulted in a net outflow of capital amounting to UAH 55.22.

The list of key players in the sector in June was as follows: «KINTO-Klasychnyi» got the first place among the open-end CII in terms of market share (37.22% of the total NAV (UAH 31.22M)), the second one was the "OTP Fond Aktsii" (14.17% (UAH 11.88M)), the third was the fund "UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv"(8.77% (UAH 7.36M). Fourth place was taken by the fund "KINTO-Ekviti " (6.54% (UAH 5.49M), the fund "OTP Klasychnyi'' closes the top five (6.16% (UAH 5.17 million)).

The following funds were among the leaders in terms of rate of return: "NADBANNIA" (+ 9.46%), "KINTO-Kaznacheiskyi" (+ 1.98%) and "Altus-zbalansovanyi" (+ 1.03%).

The worst indicators in June were demonstrated by funds "UNIVER.UA/Iaroslav Mudryi: Fond Aktsii"(-1.31%), "VSI"(-0.54%) and “Bonum Optimum"(-0.25%).


INTERVAL FUNDS

In June, the review included 3 interval CII, whose net assets, according to UAIB, amounted to UAH 2.62M. Compared to the indicators of this sector at the end of the previous month, the total NAV increased by +UAH 5.37k (+0.21%).

Only one fund “PARYTET” (+UAH 18.17k (+ 1.26%)) redeemed 16 securities from investors, and so it experienced net capital outflow of UAH 32.66k. Decrease in the value of investment portfolios in other funds was solely due to a revaluation of assets, no net capital flows were recorded.

In June, based on the rate of return, funds in the sector had the following breakdown of the results: “PARYTET” (+3.61%), “Optimum” (-0.60%) and “TASK UKRAINSKYI KAPITAL” (-1.21%).


CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in June review, at the end of the month amounted to UAH 13.11M. According to the provided data, the total NAV of these funds decreased by UAH 315.42k (-2.35%) - due to significant payments to investors.

Changes in the value of net assets in funds were solely due to a revaluation of assets, no net capital flows were recorded.

In June, based on the rates of return, funds in the sector had the following breakdown of the results: "Indeks Ukrainskoi Birzhi" (-2.43%) and "TASK Universal" (-1.27%).

 

Open-ended funds' NAV in 05.2023 - 05.2024

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"

Open-ended funds' NAV dynamics in 05.2023 - 05.2024

Rate of Return in May 2024