Monthly Performance Review of Publicly Offered CII in Ukraine. December 2020

According to the results of the month, the PFTS index decreased by -1.53%, and the UX index, on the contrary, rose by + 8.52%. According to the results of the year, Ukrainian indices recorded the following indicators: PFTS -1.94%, UX index + 6.48%.

By the rate of return, sectors of CII with public issue had the following breakdown of the results: open-ended funds (+12.84%), closed-end funds (+2.16%), interval CII - in third place (+1.74%) .

OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 15 open-ended CII as at 30 December 2020 amounted to UAH 106.46M. According to the data provided at the end of December, the total increase of net assets amounted toUAH 3,230.09k (+3.13%). The net inflow of funds in the sector amounted to UAH 1,585.14k.

At the end of the month, only one fund recorded a negative change in NAV, the rest - ended the month with an increase. The scope for rates of return of open-ended CII ranged from +9.26% to -0.14%.

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

“OTP Klasychnyi” (+UAH 1,507.70k (+5,78%)) – the fund received the largest net inflow of capital in the amount of UAH 1,333.71k due to additional placement of certificates (+5.11% in circulation);

“” (+UAH 502.41k (+13.16%)) – received UAH 378.51k of net capital inflows due to additional placement of certificates (+9.69% in circulation).

The remaining funds received an increase in NAV solely due to a positive revaluation of the components of investment portfolios.

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

“UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv” (-UAH 64.49k (-0.81%) –the largest net outflow for the month in the amount of UAH 107.76k, associated with the desire of investors to record income (-1.35% in circulation);

“UNIVER.UA/Iaroslav Mudryi: Fond Aktsii” (+UAH 167.29k (+2.52%) – redemption of 16 investment certificates caused a net outflow in the amount of UAH 16.62k;

“KINTO-Ekviti” (+UAH 62.70k (+1.28%) – due to insignificant payments to investors received a net outflow of capital in the amount of UAH 2.70k (-0.05% in circulation).

“KINTO-Klasychnyi” (29.03% of the total NAV (UAH 30.91M)) took the first place among the open-ended CII in terms of market share, the second one was the “OTP Klasychnyi” (25.91% of total NAV (UAH 27.58M)), the third got the fund “UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv” (7.43% (UAH 7.91M). Fourth place was taken by the fund “OTP Fond Aktsii” (6.39% (UAH 6.81M), the fund “UNIVER.UA/Iaroslav Mudryi: Fond Aktsii” (6.39% (UAH 6.80M)) closes the top five.

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

“OTP Fond Aktsii” (+9.26%), “Argentum” (+4.96%) and “KINTO-Kaznacheiskyi” (+3.17%).

The worst indicators in December were demonstrated by funds:   

“VSI” (-0.14%), “UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen” (+0.36%) and “Altus-Depozyt” (+0.52%).

INTERVAL FUNDS

In December, the review included 2 interval CII, whose net assets, according to UAIB, amounted to UAH 2.47M. Compared to the indicators of this sector at the end of the previous month, the total NAV increased by UAH 30.27k (+1.24%).

Based on the rate of return, funds in the sector had the following breakdown of the results: “PARYTET” (+1.33%), “TASK UKRAINSKYI KAPITAL” (+3.14%).

CLOSED-END FUNDS

The net asset value of 2 closed-end CII included in December review, at the end of the month amounted to UAH 12.22M. According to the provided data, total NAV of these funds increased by UAH 917.33k (+8.11%).

Based on the rates of return, funds in the sector had the following breakdown of the results: “Indeks Ukrainskoi Birzhi” (+8.40%) and “TASK Universal” (+4.46%).