Monthly Performance Review of Publicly Offered CII in Ukraine. November 2019

In November, Ukrainian stock exchanges closed the month with a decline: the UX index lost -1.62%, the PFTS index – -2.22%.

By the rate of return for a month, the sectors of CII with public issue had the following breakdown of the results (YTD): open-ended funds got the first place +0.06% (-0.07% for the month)), interval funds took second place -6.56% (-0.23% for the month), closed-end funds were the third – -11.03% (-0.60% for the month).

OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 16 open-ended CII as at Novemver 29, 2019 amounted to UAH 83.02M. According to the data provided at the end of November, the total decrease of net assets amounted toUAH 238.24k (-0.29%).

The vast majority of the sector's funds completed the month with a decrease in investment. The scope for rates of return of open-ended funds ranged from +2.21% to -2.97%.

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

«KINTO-Klasychnyi» (-UAH 23,49k (-0,08%)) – despite a negative revaluation of the components of the portfolio and due to the additional placement of certificates (+0.12% in circulation), a net inflow of UAH 35.34k was obtained;

«VSI» (+UAH 0.77k (+0.04%)) – due to attracting investors' funds (+1.63% in circulation) and due to growth of the portfolio a net inflow of UAH 28.55k was obtained.

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

 «OTP Klasychnyi» (-UAH 7.15k (-0.12%)) –the redemption from the fund investors a significant number of investment certificates (-1.58% in circulation) resulted in a net capital outflow of UAH 98.25k;

«OTP Fond Aktsii» (-UAH 100.89k (-1.08%)) – redemption of certificates from investors (-0.92% in circulation), led to a net capital outflow of UAH 91.83k;

«KINTO-Kaznacheiskyi» (-UAH 107,23k (-4.35%)) – investors' filing for redemption of 246 certificates (-2.39% in cirulation) resulted in losses of the fund of UAH 58.79k.

The list of key players in the sector in November was as follows: «KINTO-Klasychnyi» (35.75% of the total NAV (UAH 29.68M)) took the first place among the open-end CII in terms of market share, the second one was the «OTP Fond Aktsii» (11.94% (UAH 9.91M), the third got the fund «UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv» (9.25% (UAH 7.68M)). Fourth place was taken by the fund «OTP Klasychnyi» (7.41% (UAH 6.15M)), the fund «Sofiivskyi» (6.09% (UAH 5.06M)) closes the top five.

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

 «UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen» (+2.21%), «OTP Klasychnyi» (+1.49%) and «Altus – Zbalansovanyi» (+0.98%).

The worst indicators in November were demonstrated by funds:  «UNIVER.UA/Iaroslav Mudryi: Fond Aktsii» (-2.97%), «KINTO-Kaznacheiskyi» (-2.01%) and «VSI» (-1.56%).

INTERVAL FUNDS

In November, the review included 4 interval CII, whose net assets, according to UAIB, amounted to UAH 16.05M. Compared to the indicators of this sector at the end of the previous month, the total NAV decreased by UAH 4.12k (-0.17%).

Based on the rate of return, funds in the sector had the following breakdown of

the results: «PARYTET» (+0.05%), «TASK UKRAINSKYI KAPITAL» (-0.51%).

CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in Noember review, at the end of the month amounted to UAH 11.23M. According to the provided data, due to negative revaluation of investment portfolios the total NAV of these funds decreased by UAH 5.25k (-0.58%).

Based on the rates of return, funds in the sector had the following breakdown of the results: «Indeks Ukrainskoi Birzhi» (-0.62%) and «TASK Universal» (-0.58%).