Monthly Performance Review of Publicly Offered CII in Ukraine. December 2021

According to the results of the month, the PFTS index decreased by -0.09%, and the UX index - by -6.82%. According to the results of the year 2021, Ukrainian indices fixed the following indicators: PFTS +4.61%, UX index +7.49%.

According to the change in the level of rate of return, the sectors of public CII were distributed as follows: open-ended funds were in the first place (+5.28% per annum), closed-end funds were the second ones (-0.63% per annum), interval CII were in the third place (-4.96 % per annum).

OPEN-ENDED FUNDS

According to UAIB, the value of net assets (NAV) of 15 open-ended CII as at December 30, 2021 amounted to UAH 179.21 M. According to the data provided at the end of the previous month, the total decrease of net assets amounted to -UAH 1,137.61 k (-0.63%). Changes of net capital in the sector amounted to -UAH 1,548.48 k.

According to the results of December, indicators of funds’ rate of return were divided by 50 to 50, half with an increase and half with a decrease. The range of investment funds’ return was from +3.46% to -9.21%.

According to the results of December, the sector’s leaders in terms of attraction of investors’ funds  were:

“OTP Klasychnyi” (+UAH 3,641.02k (+4.25%)) - the fund received the largest net capital inflow in the amount of +UAH 1,437.57k due to additional placement of investment certificates (IC) (+3.33% in circulation);

"OTP Fond Aktsii"  (-UAH 36.48k (-0.25%)) - despite the negative revaluation of investment portfolio components, additional placement of IC (+4.35% in circulation) received +UAH 619.03k of net inflow of capital.

The remaining funds received NAV growth solely due to the positive revaluation of investment portfolio components.

The largest payments to investors in December were made by the following funds:

"UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv”  (-UAH 3,432.61k) (-40.19%) - the largest net outflow for the month in the amount of –UAH 3,477.63k, related to the desire of investors to fix income (-40.71% in circulation);

"UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (+UAH 209.33k) (+2.50%) - presentation of 86 pieces of IC for repayment by investors led to a net outflow of –UAH 78.12k ;

“KINTO-Ekviti”  (-UAH153.88k) (-3.04%) - received a net outflow of capital in the amount of

-UAH 33.45k due to insignificant payments to investors (-0.67% of IC in circulation).

The first place among open-ended CII in terms of market share was taken by Fund “OTP Klasychnyi” (49.82% of total NAV) (UAH 89.29 M ), the second place was taken by Fund “KINTO-Klasychnyi"  (17.64% of total NAV) (31.60) M )), the third place was taken by Fund "OTP Fond Aktsii"

(8.20% (UAH 14.70 M )). The fourth place was taken by Fund "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii"  (4.79% (UAH 8.58 M )), Fund  "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv” took the honorable fifth place (2,85% (UAH 5.11 M )).

Among the leaders in terms of rate of return were the following funds: "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii"  (+3.46%), “OTP Klasychnyi” (+0.89%) and "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv”  (+0.88%).

The lowest indicators of rate of return in December were shown by the following Funds: “Sofiivskyi” (-9.21%), "OTP Fond Aktsii" (-4.46%) and “KINTO-Klasychnyi" (-2.74%).

INTERVAL FUNDS

In December, only one interval CII was reviewed, making it impossible to conduct a comparative analysis.

CLOSED-ENDFUNDS

At the end of the month, the net assets of three closed-end CII included in the review amounted to UAH 15.89 M. According to the provided indicators, the total NAV of these funds decreased by –UAH844.99k (-5.05%).

Rate of return of closed-end funds in December was the following: "KINTO-Hold" (+0.01%), "TASK Universal" (-4.70%) and "Indeks Ukrainskoi Birzhi" (-5.95%).