Monthly Performance Review of Publicly Offered CII in Ukraine. September 2023

In September, the Ukrainian stock exchanges closed with the following values of indicators: the UX index increased by +36.11%, and the PFTS index closed "at zero".

Sectors of public collective investment institutions (CIIs) ended the month (according to the rate of return index "since the beginning of the year") as follows: closed-end funds +10.89% (-1.74% for the month), open-ended CIIs +5.74% (+0,57% for the month), the provided data was not enough to evaluate the performance of the interval CIIs.

OPEN-ENDED FUNDS

According to UAIB, the value of net assets (NAV) of 16 open-ended CIIs as at September 29, 2023 was UAH 151.64 M. According to the indicators at the end of September, the total increase of NAV amounted to UAH 2,041.01k(+1.36%).

The vast majority of funds in the sector ended the month with an increase in the level of rate of return, only six recorded a decrease in indicators.The rate of return of open-ended CIIs ranged from +10.42% to -6.04%.

According to the results of September, the "VSI" fund became the leader in attracting investors' funds in the sector (+UAH 662.89 k (+40.15%)) - due to the increase in the value of the components of the investment portfolio and the additional placement of 369 units of certificates (+39.09% in circulation), the fund received an inflow of net capital in the amount of UAH 649.78 k.

The rest of the funds, which recorded an increase in NAV, received an increase due to a positive revaluation of fund assets.

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

 "OTP Fond Aktsii" (+UAH 535.59 k (+5.14%))  - despite the increase in NAV, the purchase of a certain number of certificates from investors (-4.62% in circulation) led to an outflow of net capital in the amount of - UAH 527.79 k;

            "KINTO-Kaznacheyskyi" (-UAH 190.77 k (-4.17%)) - due to the decrease in the value of the components of the investment portfolio and the purchase from investors of 550 pcs. of certificates (-3.61% in circulation), the fund received "clean" - UAH 164.96 k;

            "OTP Klasychnyi" (+UAH 805.01 k (+1.08%)) - despite the increase in the NAV, purchase from investors of 14 pcs. of certificates (-0.12% in circulation) led to an outflow of net capital in the amount of -UAH 87.45 k.

The list of the main players of the sector in September was as follows: the first place among open-ended CIIs in terms of market share was taken by the "OTP Klasychnyi" fund (49.48% of the total NAV (UAH 75.03 M)), the second place was taken by the "KINTO-Klasychnyi" fund (15.59% (UAH 23.64 M), the third place was held by the fund "OTP Fond Aktsii" (7.23% (UAH 10.97 M)). The fourth place was secured by the fund "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (5.84% (UAH 8.86 M)), the fund "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (4.27% (UAH 6.48 M)) rounded out the five leaders of the sector.

The following funds showed the highest level of rate of return:

"OTP Fond Aktsii" (+10.42%), "UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen" (+1.42%) and "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (+1.41%) ).

The worst indicators of changes in the value of their securities in September were in the following funds: "KINTO-Ekviti" (-6.04%), "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (-1.25%) and "Arhentum" (-1.07%).

INTERVAL FUNDS

The data provided was not enough to evaluate the performance of interval CII in September.

CLOSED-END FUNDS

In September, 2 closed-end CIIs were included in the review, the value of whose net assets at the end of the month amounted to UAH 683,41 k. According to the provided indicators, the total NAV of these funds decreased by - UAH 114.66 k (-1,65%).

No funds made payments to investors or attracted their funds, so no changes in net capital were recorded in the sector.

According to the results of September by the level of rate of return, the funds in the sector were distributed as follows: "Indeks Ukrainskoi Birzhi" (+0.01%) and "KINTO-Hold" (-3.49%).