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

For the second month in a row, Ukrainian stock exchanges closed in different directions, UX index decreased by 5.08%, PFTS index increased by 0.15%.

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 (+4.39%(+1.29% for the month)), the second place went to the sector of interval funds (-4.47%(+1.94% for the month), closed-end CII were the third (-11.65% (+1.28% for the month)).
 

OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 16 open-ended CII as at 31 July 2020 amounted to UAH 94.93M. According to the data provided at the end of July, the total increase of net assets amounted toUAH 4824.90k (+5.35%).

All funds ended the month with an increase in portfolio rate of returns, the scope for rates of return of open-ended CII ranged from +6.89% to -3.70%.

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

«OTP Klasychnyi» (+UAH 3965.67k (+29.21%)) - due to the positive revaluation of investment portfolio components and additional placement of investment certificates (+ 28.56% in circulation) allowed the fund to receive an inflow of net capital in the amount of +UAH 3889.32k.

«UNIVER.UA/Iaroslav Mudryi: Fond Aktsii» (+UAH 760.17k (+21.27%)) – due to attraction of investors' funds (+13.46% in circulation) and increase in the value of the investment portfolio components received UAH 503.91k of net inflow.

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

«VSI» (-UAH 131.02k (-6.77%)) – redemption of 125 investment certificates from the participants of the fund (-8.72% in circulation) led to the outflow of capital in the amount of UAH 503.91k;

«Argentum» (-UAH 47.58k (-3.31%)) – redemption of 845 investment certificates from the participants of the fund led to the outflow of capital in the amount of UAH 47.59k;

«OTP Fond Aktsii» (+UAH 11.84k (+0.21%)) – despite the increase in the value of the investment portfolio components due to significant payments to investors (-0.55% in circulation) the fund recorded the largest net outflow in the sector in the amount of UAH 31.79k;

KINTO-Klasychnyi» (31.11% of the total NAV (UAH 29.53M)) took the first place among the open-ended CII in terms of market share, the second one was the «OTP Klasychnyi» (18.48% of total NAV (UAH 17.54M)), the third got the fund «UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv» (8.91% (UAH 8.46M). Fourth place was taken by the fund «OTP Fond Aktsiy» (6.07% (UAH 5.76M), the fund « КІNTO-Ekviti» (5.15% (UAH 4.89M)) closes the top five.

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

«UNIVER.UA/Iaroslav Mudryi: Fond Aktsii» (+6.89%), «KINTO- Kaznacheiskyi» (+5.06%) and «Nadbannia» (+4.56%).

The worst indicators in July were demonstrated by funds:  

«Sofiivskyi» (-3.70%), «Argentum» (0.00%) and «КІNTO-Ekviti» (+0.01%).
 

INTERVAL FUNDS

In July, the review included 2 interval CII, whose net assets, according to UAIB, amounted to UAH 2.33M.

Due to the lack of information from these funds, which are insufficient to compare with the previous period, a comparative analysis for July 2020 is impossible.

CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in July review, at the end of the month amounted to UAH 10.36M.

Due to the lack of information from these funds, which are insufficient to compare with the previous period, a comparative analysis for July 2020 is impossible.