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

According to the results of the month, the Ukrainian stock market indices closed with the following indicators: the UX index decreased by -4.99%, and the PFTS index ended August unchanged, 0.00%.

According to the indicator of profitability "since the beginning of the year", funds with a public offer were distributed as follows: closed-end funds were on the first place (+12.73% (-0.83% for the month)), the second place was taken by the interval CII sector (+6.57% (-0.77% for the month), open-ended CIIs took the third place (+4.99% (+0.73% for the month)).

OPEN-ENDED FUNDS

According to UAIB, the value of net assets (NAV) of 16 open-ended CIIs as at August 31, 2023 was UAH 149.60 M. According to the indicators at the end of the previous period, the total increase of the NAV amounted to UAH 2,823.82 k(+1.92%). In August, the amount of investors' fundraising exceeded the amount of payments, so the total net inflow of funds in the sector amounted to +UAH 1,144.36 k.

The rate of return of open-ended CIIs ranged from +3.47% to -0.69%.

According to the results of August, the "OTP Klasychnyi" fund became the leader in attracting investors' funds (+UAH 2,615.06 k (+3.65%)) - thanks to the positive revaluation of the NAV and the additional placement of 236 units of investment certificates (IC) (+2.02% in circulation), the fund received +UAH 1,462.75 k of net capital inflow.

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

"KINTO-Klasychnyi" (+UAH 164.26 k (+0.71%)) - despite the increase in NAV, insignificant payments to investors (-0.54% of IC in circulation), the fund recorded an outflow of net capital in the amount of -UAH 125.97 k;

"KINTO-Kaznacheyskyi" (+UAH 46.80 k (+1.03%)) - similarly, the presentation by investors of investment certificates for repayment (-2.36% in circulation) led to an outflow of net capital in the amount of -UAH 106.32 k;

"KINTO-Ekviti" (-UAH 68.01 k (-4.18%)) - repayment of 128 pcs. of certificates (-3.93% in circulation) led to losses of "net" - UAH 63.20 k.

The main leaders in the sector were distributed as follows: the first place among open-ended CIIs in terms of market share was taken by the "OTP Klasychnyi" fund (49.62% of the total NAV (UAH 74.23 M)), the "KINTO-Klasychnyi" fund was on the second step - (15.64 % (UAH 23.39 M)), third place was taken by the fund "OTP Fond Aktsii" (6.97% (UAH 10.43 M )). The fourth place was held by the fund "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (6.00% (UAH 8.96 M)), the fund "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (UAH 4.27% (6 .39 M)) completed the top five leaders of the sector.

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

"KINTO-Kaznacheyskyi" (+3.47%), "UNIVER.UA/Taras Shevchenko: Fond Zaoshchadzhen" (+2.11%) and "UNIVER.UA/Mykhailo Hrushevskyi: Fond Derzhavnykh Paperiv" (+1.62%) ).

The lowest indicators of changes in the value of their securities in August were shown by the following funds: "OTP Fond Aktsii" (-0.69%), "UNIVER.UA/Yaroslav Mudryi: Fond Aktsii" (-0.66%) and "Sofiivskyi" (-0.30%).

INTERVAL FUNDS

In August, one interval CII was included in the review, the net assets of which, according to UAIB, were equal to UAH 4.96 M.

The obtained data were not enough to conduct a comparative analysis of the activity of interval CII.

CLOSED-END FUNDS

In August, 2 closed-end CIIs were included in the review, the value of whose net assets at the end of the month amounted to UAH 6.95 M. According to the provided indicators, the total NAV of these funds decreased by - UAH 57.05 k (-0.81%).

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 August by the level of rate of return, the funds in the sector were distributed as follows: "KINTO-Hold" (-1.04%) and "Indeks Ukrainskoi Birzhi" (-0.61%).