Monthly Performance Review of Publicly Offered CII in Ukraine. August 2015

10 September 2015

Despite the positive developments in the country (close cooperation with NATO and the UN, launching of new patrol and inspection service to replace militia, successful negotiations with the Club of creditors, etc.), the fall in world indices because of the crisis in China is not inspiring for players, so in the last quarter the Ukrainian stock market was in a downtrend.

Stock exchanges closed mixed in August, the index of Ukrainian Stock Exchange for the month rose by 0.42%, but the PFTS index fell by 2.13%. However, despite the negative profitability, the sector of closed-end CII managed to attract funds from investors. Foremost, the demand was focused on the oriented on the "blue chips" funds.

Open-ended investment funds continued to top the list in terms of return "YTD" with a value of +7.38% (+0.42% in August), interval funds took the second place (-1.53% (-0.29% for the month)), sector of open-ended CII remained in third place with an indicator -5.28% (+0.12%).

 

OPEN- ENDED FUNDS

As per UAIB data, the NAV of 21 open-ended CII as of 31.08.2015 constituted UAH 58.88 mln. According to the indicators at the end of the previous month, the overall increase in net assets amounted to UAH +77.70 thsd. (+0.14%). The total net outflow from funds in the sector amounted to -UAH 175.91 thsd. due to rather significant payments to investors in certain funds.

Sector’s funds finished the month mostly with a decrease of profitability, only 8 funds showed an increase. In August, a range of rates of return of open-ended CII varied from +1.64% to -2.52%.

Based on August results, the leaders of growth in the sector were:

"UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv" (+UAH 157.55 thsd. (+4.37%)) –
due to additional placement of 46 certificates (increase in circulation by 2.69%) received a net inflow in the amount of UAH 96.43 thsd.;

«VSI» (+UAH 68.69 thsd. (+4.71%)) – due to increase in the value of the investment portfolio’s components and through additional attraction of investors’ funds (+ 4.49% in circulation) received UAH 65.05 thsd. of net inflow.

The greatest payments to investors in August were made by the following funds:

"OTP Klasychnyi" (-UAH 231.01 thsd. (-15.09%)) – the largest net outflow in the amount of –UAH 251.52 thsd. associated with the purchase of a significant number of investors’ certificates (-16.51% in circulation);

“КІNТО-Klasychnyi" (+UAH 42.72 thsd. (+0.20%)) – despite the positive revaluation of the fund’s assets, the net outflow was -UAH 71.70 thsd. due to redemption of 172 units of investment certificates of fund participants;

“Аrgentum” (-UAH 14.04 thsd. (-0.82%)) – due to presenting for redemption of 392 units of investment certificates suffered net outflow in the amount of –UAH 12. 93 thsd.

List of major players of the sector undergone minor changes in August. The first place among open-ended CII by market share occupied "KINTO-Klasychnyi" Fund (37.15% of total NAV (UAH 21.87 mln.)), the second place - "Sofiivskyi" Fund (6.50% (UAH 3.83 mln.)). The third place went to Fund "UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv" (6.39% (UAH 3.76 mln.), shifting "Kinto-Ekviti" Fund (6.29% (UAH 3.71mln.)) to the fourth place. At the fifth place Fund "Premium-Fond Indeksnyi" was located (5.49% (UAH 3.23 mln.)).

Among the leaders by the rates of return should be noted the following funds: "UNIVER.UA/Myhailo Grushevskyi: Fond Derzhavnyh Paperiv" (+1.64%), "OTP Klasychnyi" (+1.58%) and “SEM Azhio” (+1.46%).

The following funds demonstrated the worst indicators of changes in the value of their securities in August: “Nadbannia” (-2.52%),"Sofiivskyi" (-1.30%) and "Argentum" (-0.07%).

 

INTERVAL FUNDS

In August the review included 6 interval CII, which net assets, according to UAIB data, equaled UAH 16.54 mln. Compared with this sector’s indicators at the end of the previous month, an aggregate NAV of funds decreasedby -UAH 34.77thsd. (-0.81%).

In August no fund was able to raise investors’ funds, the whole sector suffered a general decline in NAV.

The largest payment to investors in August was made by “Aurum” Fund (-UAH 31.91 thsd. (-1.61%)) – investors presented for redemption 25 units of securities (-0.04% in circulation), that led to net outflow in the amount of -UAH 0.86 thsd.

The remaining funds did not record any change in net capital.

The range of yield of interval funds in August varied between +0.55% до -1.56%.

Among the leaders by the rates of return should be noted the following funds:
"TASK Ukrainskyi Kapital" (+0.55%), "Optimum" (+0.51%) and "UNIVER.UA/Otaman: Fond Perspectyvnyh Aktsii" (+0.10%).

The following funds demonstrated the worst indicators of changes in the value of their securities: “Aurum” (-1.56%), “Platynum” (-1.02%) and “Zbalansovanyi Fond “Parytet” (-0.33%).

 

CLOSED-END FUNDS

Net asset value of 4 closed-end CII, which were included in August review, at the end of the month comprised UAH 12.39 mln. According to the filed indicators, the aggregate NAV of these funds increased by UAH 52.33 thsd. (+0.42%).

No other fund recorded any change in net equity.

Range of rates of return of closed-end funds in August fluctuated between +1.59% до -1.58%.

Among the leaders by the rates of return should be noted the following funds: "UNIVER.UA/Skif: Fond Nerukhomosti" (+1.59%) and "Indeks Ukrainskoi Birzhi" (+1.19%).

The following funds demonstrated the worst indicators of changes in the value of their securities in August: "TASK Universal" (-1.58%), and "AntyBank" (-0.71%).

 

Open-ended funds' NAV at end of May 2024

Fund nameNAV, UAHNumber of investment certificates/shares in circulationNAV per IC/share, UAHIC/share Face Value, UAHAMC name
VSPIF "OTP Fond Akciy"10 359 656.906 418 7331.611.00TOV "KUA "OTP Kapital"
VSPIF UNIVER UA Taras Shevchenko" Fond Zaoshchadzhen1 969 846.413665 382.091 000.00TOV "KUA "Univer Menedzhment"
VSPIF UNIVER UA Mihaylo Grushevskiy" Fond Derzhavnih Paperiv7 175 951.881 0436 880.101 000.00TOV "KUA "Univer Menedzhment"
VSPIF "UNIVER UA Yaroslav Mudriy" Fond Akciy"9 770 405.508 3261 173.481 000.00TOV "KUA "Univer Menedzhment"
VDPIF "KINTO-Klasichniy" PrAT "KINTO"25 572 221.8144 430575.56100.00PrAT "KINTO"
VIDKRITIY SPECIALIZOVANIY PAYOVIY INVESTICIYNIY FOND "VSI"3 076 625.451 5901 934.981 000.00TOV "KUA "Vsesvit"
VSPIF ""OTP Klasichniy""71 787 176.9810 1997 038.651 000.00TOV "KUA "OTP Kapital"
VDPIF "UNIVER UA Volodimir Velikiy" Fond Zbalansovaniy"1 547 420.265292 925.181 000.00TOV "KUA "Univer Menedzhment"
VDPIF "KINTO-Kaznacheyskiy" PrAT "KINTO"4 416 368.5512 787345.37100.00PrAT "KINTO"
VDPIF "Altus-Depozit"6 159 448.781 2564 904.021 000.00TOV "KUA "ALTUS ASSETS AKTIVITIS"
VDPIF "Altus-zbalansovaniy"4 772 000.406757 069.631 000.00TOV "KUA "ALTUS ASSETS AKTIVITIS"
VDPIF "TASK Resurs"1 023 784.979531 074.271 000.00TOV "KUA "TASK-INVEST"
PIF "Sofijivskiy"2 470 8792 566962.931 000.00TOV "KUA "Iveks Esset Menedzhment"
VSPIF "NADBANNYa" TOV "KUA "ART-KAPITAL MENEDZhMENT"648 870.877 88182.33100.00TOV "KUA "ART-KAPITAL MENEDZhMENT"
PIF KINTO-Ekviti PrAT "KINTO"1 441 6053 114462.941 000.00PrAT "KINTO"

Rate of Return in May 2024