Monthly Performance Review of Publicly Offered CII in Ukraine. August 2020

In August, the indices of Ukrainian stock exchanges did not change significantly: the UX index increased by + 1.99%, and the PFTS index ended the month with zero change

By the rate of return for a month YTD, the sectors of CII with public issue had the following breakdown of the results: open-ended funds were in the first place (+4.90%(+0.50% for the month)), the second place went to the sector of interval funds (-4.16%(+0.10% for the month), closed-end CII were the third (-15.03% (-3.84% for the month)).

OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 15 open-ended CII as at 31 August 2020 amounted to UAH 77.255M. According to the data provided at the end of August, the total decrease of net assets amounted toUAH 136.25k (-0.18%).

The vast majority of funds in the sector ended the month with a decrease of rates of return and only five recorded an increase. The scope for rates of return of open-ended CII ranged from +7.74% to -3.36%.

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

«UNIVER.UA/Iaroslav Mudryi: Fond Aktsii» (+UAH 966.17k (+22.30%)) – due to the positive revaluation of investment portfolio components and additional placement of investment certificates (+ 18.30% in circulation) allowed the fund to receive an inflow of net capital in the amount of  UAH 801.02k;

«KINTO-Kaznacheiskyi» (+UAH 131.90k (+3.78%)) – due to attraction of investors' funds (+5.43% in circulation) and increase in the value of the investment portfolio components received UAH 191.33k of net inflow;

«VSI» (+UAH 93.93k (+5.21%)) – same, due to the positive revaluation of the portfolio components and additional placement of certificates (+5.50% in circulation) received a net inflow of UAH 98.78k.

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

«UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv» (-UAH 757.12k (-8.95%)) –redemption of significent amount of investment certificates from the participants of the fund (-10.60% in circulation) led to the outflow of capital in the amount of UAH 897.46k;

«UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi» (-UAH 117.68k (-7.34%)) – redemption of significant amount of investment certificates from the participants of the fund (-6.12% in circlation) led to the outflow of capital in the amount of UAH 98.24k;

«КІNТО-Klasychnyi» (-UAH 624.62k (-2.12%)) – same, redemtion of 17 certificates from the participants of the fund led to net outflow in the amount of UAH 10.24k;

KINTO-Klasychnyi» (37.42% of the total NAV (UAH 28.91M)) took the first place among the open-ended CII in terms of market share, the second one was the «UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv» (9.97% of total NAV (UAH 7.71M)), the third got the fund «OTP Fond Aktsii» (7.29% (UAH 5.30M). Fourth place was taken by the fund «UNIVER.UA/Iaroslav Mudryi: Fond Aktsii» (6.86% (UAH 5.30M), the fund «Sofiivskyi» (6.54% (UAH 5.05M)) closes the top five.

The following funds were among the leaders in terms of rate of return:

«Nadbannia» (+7.74%), «Sofiivskyi» (+6.95%) and «UNIVER.UA/Iaroslav Mudryi: Fond Aktsii» (+3.38%).

The worst indicators in July were demonstrated by funds:  

«КІNTO-Ekviti» (-3.36%), «Argentum» (-3.35%) та «OTP Fond Aktsii» (-2.27%).

INTERVAL FUNDS

In August, the review included 2 interval CII, whose net assets, according to UAIB, amounted to UAH 2.34M. Compared to the indicators of this sector at the end of the previous month, the total NAV increased by UAH 19.01k (+0.82%).

According to the results of the month, all funds of the sector received a change in the value of net assets due to the revaluation of the components of the investment portfolio, the inflow/outflow of net capital was not recorded.

Based on the rate of return, funds in the sector had the following breakdown of the results: «PARYTET» (+2.51%), «TASK UKRAINSKYI KAPITAL» (-2.30%).

CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in August review, at the end of the month amounted to UAH 9.99M. According to the provided data, due to negative revaluation of investment portfolios the total NAV of these funds decreased by UAH 364.07k (-3.51%).

Based on the rates of return, funds in the sector had the following breakdown of the results: «TASK Universal» (-4.23%) and «Indeks Ukrainskoi Birzhi» (-3.46%).