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Bad Week for Funds: 19 on the Rise, 65 on the Decline

After U.S. President Donald Trump announced the decision to impose tariffs on Chinese goods, the U.S. and China found themselves on the brink of a trade war, unsettling investors in global markets. Among the 84 open investment funds, according to HRPORTFOLIO data, funds with declining share values predominated.

The week concluded with 19 funds showing an increase, while 65 recorded a decline. There were no funds with growth exceeding one percent, and 25 fell by more than one percent.

On the list of the ten funds with the highest growth, cash and bond funds occupied four spots each, while mixed and equity funds each took one spot. Weekly changes for all funds ranged from -5.94 percent to +0.08 percent.

KD Nova Europa

Of the 27 equity funds, only KD Nova Europa increased, by 0.08 percent. ZB Trend recorded a decline of 5.94 percent, Alta Special Opportunity fell by 5.20 percent, and Neta Global Developed decreased by 4.94 percent.

All six special funds recorded a decline. The largest drops were for ZB Future 2055 and ZB Future 2040, at 3.22 and 3.21 percent, respectively.

Of the 16 mixed funds, only KD Balanced increased, by a minimal 0.01 percent. PBZ Global fell by 2.35 percent, while InterCapital Balanced and ZB Global recorded declines of 1.87 and 1.50 percent.

Of the 15 bond funds, five recorded growth. The highest increase was for the Alta Emerging Bond fund, at 0.08 percent, while PBZ Dollar Bond Fund 2 and PBZ Dollar Bond Fund recorded growth of 0.07 percent. Raiffeisen Classic fell by 0.16 percent, and InterCapital Bond and InterCapital Dollar Bond fell by 0.12 percent.

Value growth was recorded by 12 of the 20 cash funds. The price of shares for PBZ Dollar increased the most, by 0.02 percent. Alta Multicash and Locusta Cash grew by 0.01 percent. Raiffeisen EuroCash fell by 0.02 percent.

There Are No Winners Among Special Funds

The best results in 2018, or the highest returns among equity funds, were recorded by Neta Frontier (+3.06%), InterCapital SEE Equity (+1.90%), and KD Nova Europa (+1.72%). Among special funds, there are no winners, while the most successful mixed funds were KD Balanced with a return of +1.74 percent and PBZ Conservative 10, which recorded a growth of 1.05 percent. Among bond funds, the highest growth of 1.45 percent was achieved by PBZ Bond. Cash funds are led by PBZ Dollar and Locusta Cash with returns of 0.28 and 0.17 percent.

According to results over the last 12 months, among equity funds, the most significant increase was recorded by ZB Trend (+12.20%), followed by ZB BRIC+ with an increase of 10.89 percent and KD BRIC (+7.03%). Among special funds, Raiffeisen Harmonic had the highest growth (+2.78%). Mixed funds are led by PBZ Conservative 10, which increased in value by 3.53 percent, followed by InterCapital Income Plus* with a growth of 3.03 percent. InterCapital Bond, with a growth of 3.92 percent, is first among bond funds. On the list of cash funds, the value increased the most for PBZ Dollar, whose return is 1.02 percent.

NOTE: In calculating weekly changes for funds, results for the period from March 16, 2018, to March 23, 2018, were taken into account.

*For InterCapital Income Plus, known values are up to March 22, 2018.