Monthly Performance Review of Publicly Offered CII in Ukraine. February 2024

In February, the Ukrainian stock market indices closed with the following indicators: the UX index decreased by -3.9917%, the PFTS index ended the month with a zero value.

Profitability of investment funds with public placement according to the results of the month was distributed as follows: open-ended CII sector was on the first place (+0.63%), closed-end funds were on the second place (+0.13%). A comparative analysis of the activity of interval CII was not carried out due to insufficient data.

OPEN-ENDED FUNDS

According to UAIB, the value of net assets (NAV) of 15 open-ended CIIs as at February 29, 2024 was UAH 151.38 M. According to the indicators at the end of February, the total increase in the value of net assets amounted to UAH 4,415.37 k (+3.00%). The attraction of investors' funds exceeded the level of payments, so the total net inflow of capital in the sector amounted to UAH 3,299.50 k.

The vast majority of funds ended the month with an increase in profitability, only four of them entered the "red zone". The yield in the sector ranged from +1.43% to -2.72%.

According to the results of February, the growth leaders in the sector were:

“OTP Klasychnyi” (+UAH 4,856.03 k (+6.96%)) – the largest net inflow of funds in the sector in the amount of +UAH 3,914.34 k due to the significant attraction of investors' funds (+5.57% in circulation) ;

"KINTO-Ekviti" (-UAH 3.00 k (-0.20%)) - despite the negative revaluation of the investment portfolio, additional attraction of investors' funds (+0.96% in circulation) allowed the fund to receive  “net” + UAH 14.46 k;

"Altus-Deposyt" (+UAH 52.72 k (+0.87%)) - the increase in NAV occurred exclusively due to the positive revaluation of the components of the investment portfolio.

The following funds made the largest payments to investors in February:

"UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (-UAH 190.37 k (-2.76%)) – the largest net outflow in the amount of - UAH 267.19 k, which is related to the redemption from investors a significant number of certificates (-3.87% in circulation);

"OTP Fond Aktsii" (-UAH 491.32 k (-5.08%)) - redemption of a certain number of investment certificates from fund participants (-2.31% in circulation) led to an outflow of net capital in the amount of -UAH 220.80 k;

"UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (+UAH 0.35 k (+0.00%)) - likewise, presentation by investors for redemption of 119 pcs. of IC led to an outflow of net capital in the amount of -UAH 129.53 k.

The main players of the sector in February were distributed as follows: the first place among open-ended CIIs in terms of market share was taken by the "OTP Klasychnyi" fund (49.31% of the total NAV (UAH 74.65 M)), the second step was taken by the "KINTO-Klasychnyi" fund (16.34% (UAH 24.73 M)), "UNIVER Fond Derzhavnykh Paperiv".UA/Yaroslav Mudryi: Fond Aktsii" was the third one (6.10% (UAH 9.23 k).The fourth place was taken by the fund "OTP Fond Aktsii" (6.06% (UAH 9.17 M)), the fund "UNIVER.UA/Mykhailo Hrushevsky: (4.43% (UAH 6.71 M)) placed on the fifth step.

Among the leaders in terms of profitability, the following funds stood out: "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (+1.43%), "OTP Klasychnyi" (+1.32%) and "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (+1.16%).

The worst indicators of changes in the value of their securities in February were demonstrated by the following funds: "OTP Fond Aktsii" (-2.72%), "UNIVER.UA/Volodymyr Velykyi: Fond Zbalansovanyi" (-1.76%) and "KINTO-Ekviti" (-1.15%).

INTERVAL FUNDS

In February, the provided data was insufficient, which made it impossible to conduct a comparative analysis of the activity of interval CII.

CLOSED-END FUNDS

The value of the net assets of two closed-end CIIs, which were included in the review for February, amounted to UAH 7.23 M at the end of the month. According to the provided indicators, the total NAV of these funds decreased by -UAH 74.59 k (-1.02%).

In February, no fund was able to attract investors' funds, the change in NAV was due to the revaluation of the investment portfolios.

The yield in the sector in February was as follows: "KINTO-Hold" (+0.49%) and "Indeks Ukrainskoi Birzhi"  (-2.47%).