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

Following the results of the month, Ukrainian stock market indices closed in different ways: the PFTS index decreased by -0.05%, and the UX index increased by + 6.78%.

By the rate of return for a month YTD, the sectors of CII with public issue had the following breakdown of the results: in the first place open-ended funds (+ 2.16% (+ 0.16% per month)), the second place went to the sector of interval CII (-5.19%) (-0.80% per month)), and closed-end CII were in third place (-10.88% (-0.37% per month)).

OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 16 open-ended CII as at 29 May 2020 amounted toUAH 88.77M.According to the data provided at the end of May, the total increaseof net assets amounted toUAH 2708.47k (+3.15%).The volume of investments of investors in May exceeded the volume of payments, so the totalnet inflow in the sector amounted to UAH 2014.53k.

Thescopefor rates of return of open-ended CII ranged from +4.34% to-5.60%.

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

«OTP Klasychnyi'» (+UAH 2222,35k (+18.68%)) – increase in NAV and attraction of investors' funds(+15,21% in circulation) allowed the fund to receive UAH 1861.53k;

«UNIVER.UA/Iaroslav Mudryi: Fond Aktsii» (+UAH 297.19k (+9.58%)) – due to the positive revaluation of investment portfolio components and an increase of 8.58% ofcertificates in circulation, the fund received +UAH 262.89k.

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

«КІNТО-Klasychnyi» (+UAH 81.22k (-0.28%)) – due to the increase in the value of the investment portfolio components and significant payments to investors (-0.27% in circulation) the fund recorded the largest net outflow in the sector in the amount ofUAH 79.16k;

«OTP Fond Aktsii» (+UAH 92.25k (+1.59%)) – redemption of investment certificates from the participants of the fund (-0,53% in circulation) ) led to the outflow of capital in the amount of UAH 30.73k.

KINTO-Klasychnyi» (32.68% of thetotal NAV (UAH 29.01M)) took the first place among the open-ended CII in terms of market share, thesecond one was the «OTP Klasychnyi» (15.91% of total NAV (UAH 14.12M)), the third got the fund«UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv» (9.33% (UAH 8.29M). Fourthplacewas taken by the fund «OTP Fond Aktsiy» (6.65% (UAH 5.90M), the fund «КІNTO-Ekviti» (5.51% (UAH4.89M)) closes the top five.

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

«UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen» (+4.34%), «UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv» (+3.17%) and «OTP Klasychnyi'» (+3.01%).

The worst indicators in May were demonstrated by funds:  

«Nadbannia» (-5.60%), «Sofiivskyi» (-5.42%) and «UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi» (-2.50%).

INTERVAL FUNDS

In May, the review included 2 interval CII, whose net assets, according to UAIB, amounted to UAH 2.29M. Compared to the indicators of this sector at the end of the previous month, the total NAV decreased by UAH 24.76k (-1.07%).

No fund made payments to investors and did not attract their funds, so no changes in net capital in the sector were recorded.

Based on the rate of return, funds in the sector had the following breakdown of the results:   «ТАSК Ukrainskyi Kapital» (+0.15%) and «Zbalansovanyi Fond Parytet» (-1.75%).

CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in May review, at the end of the month amounted to UAH 9.61M. According to the provided data, the total NAV of these funds increased by UAH 38.47k (+0.40%).

No fund made payments to investors and did not attract their funds, so no changes in net capital in the sector were recorded.

ЗBased on the rates of return, funds in the sector had the following breakdown of the results:  «Indeks Ukrainskoi Birzhi»(+0.50%) and«TASK Universal» (-1.24%).