Monthly Performance Review of Publicly Offered CII in Ukraine. February 2021

According to the results of the month, the UX index increased by 6.69%, and the PFTS index, by 1.51%.

By the rate of return, sectors of CII with public issue had the following breakdown of the results: open-ended funds (+1.62%),  interval CII (+0.90%), closed-end funds were in third place (+0.14%).

OPEN-ENDED FUNDS

According to the UAIB, the value of the net assets (NAV) of 16 open-ended  CII as at 26 February 2021 amounted to  UAH 156.12M.  According to the data provided at the end of January, the total increase of net assets amounted to  UAH 40,701.17k (+35.26%).  Due to significant investment of investors, the total net capital inflow in the sector amounted to UAH 39,079.14k.

Open-end funds ended the month mostly with higher returns, with only two funds falling. The scope for rates of return of open-ended CII ranged from +6.18% to -0.54%.
According to the results ofFebruary, the following funds were the leaders of growth in the sector of open-ended CII:

“OTP Klasychnyi” (+UAH 38,592.63k (+122,07%)) - received the largest inflow of net capital in the amount of UAH 38,124.22k due to the largest attraction of investors in the sector (+119.89% in circulation);

“OTP Fond Aktsii” (+UAH 970.04k (+13.97%)) -same, the additional placement of certificates (+ 9.39% in circulation) allowed the fund to receive net inflow UAH 672.08k;

“UNIVER.UA/Iaroslav Mudryi: Fond Aktsii”(+UAH 567.02k (+8.459%)) - due to the increase in the value of net assets and attracting investors' funds, the fund received a net inflow of UAH 449.84k.

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

“KINTO-Kaznacheiskyi” (-104.84% (-2.38%)) - the largest net outflow in the amount of UAH 107.57k is associated with the redemption of certificates from investors (-2.44% in circulation);

“KINTO-Klasychniy” (+UAH 151.49 (+0.49%)) - redemption from the fund participants 87 investment certificates led to an outflow of capital in the amount of UAH 59.43k.

“OTP Klasychnyi” (44.97% of the total NAV (UAH 70.21M)) took the first place among the open-ended CII in terms of market share, the second one was the “KINTO-Klasychnyi” (19.97% of total NAV (UAH 31.18M)), the third got the fund “UNIVER.UA/Myhailo Hrushevskyi: Fond Derzhavnykh Paperiv” (5.22% (UAH 8.16M). Fourth place was taken by the fund “OTP Fond Aktsii” (5.07% (UAH 7.91M), the fund “UNIVER.UA/Iaroslav Mudryi: Fond Aktsii” (4.66% (UAH 7.28M)) closes the top five.

The following funds were among the leaders in terms of rate of return: “Sofiivskiy” (+6.18%), “Nadbannia” (+5.64%) and “OTP Fond Aktsii” (+4.14%).

The worst indicators in February were demonstrated by funds: “VSI” (-0.54%) and “Altus-Depozyt” (-0.03%).

INTERVAL FUNDS

In February, the review included 4 interval CII, whose net assets, according to UAIB, amounted to UAH 14.20M. Compared to the indicators of this sector at the end of the previous month, the total NAV decreased by UAH 32.72k (-0.23%).

The largest payments to investors in February were made by the Aurum Fund - due to the purchase of a significant amount of certificates (-4.28% in circulation), the fund suffered net outflow of UAH 0.67K.

Based on the rate of return, funds in the sector had the following breakdown of the results: “Parytet” (+2.63%), “Aurum” (+1.14%), “TASK UKRAINSKYI KAPITAL” (+0.096%) and «Platynum» (-0.24%).

CLOSED-END FUNDS

The net asset value of 3 closed-end CII included in February review, at the end of the month amounted to UAH 15.33M. According to the provided data, total NAV of these funds increased by UAH 326.75k (+2.18%).

In February, no fund was able to attract investors, the increase in NAV was due to a positive revaluation of components of the investment portfolio.

Based on the rates of return, funds in the sector had the following breakdown of the results: “Indeks Ukrainskoi Birzhi” (+3.67%), “TASK Universal” (+0.96%) and “KINTO-Gold” (-4.21%)