Dear Investors,
We are pleased to present a market overview with the performance results of OTP Capital mutual investment funds for August 2025.
General economic situation in Ukraine
In August, inflation continued to decline, reaching 14.1% compared to 14.3% in July. The National Bank of Ukraine’s international reserves increased by USD 3 billion to USD 46 billion. The trade balance deficit expanded due to record import volumes. Overall, macroeconomic indicators remained stable and broadly in line with market expectations and NBU forecasts.
Hryvnia investments
Yields on domestic government bonds (OVDP) at primary auctions remained unchanged:
- 16.35% — 1.5 years
- 17.1% — 2 years
- 17.8% — 3 years
Bank deposit rates also remained stable, ranging from 10.5% to 14.5% in UAH. This environment supports the funds’ ability to preserve returns and protect investors’ capital.
Foreign currency investments
Yields on foreign-currency OVDP remained at 4.17–4.25% in USD and 3.25% in EUR. On the secondary market, yields were lower, reaching up to 2.5% in USD and 1% in EUR.
The official exchange rate of the hryvnia strengthened from 41.76 to 41.26 UAH per USD.
Amid external information flows, Ukrainian Eurobonds demonstrated growth ranging from 6% to 12%, depending on maturity.
Fund performance under OTP Capital management
OTP Classic
In August, funds in the deposit portion of the portfolio were placed in the amount of UAH 6 million with JSC Ukreximbank and UAH 6 million with JSC Idea Bank.
- Monthly return: 1.4%
- Annual return: 14.0%
OTP Kids
In August, OVDP totaling UAH 21 million were sold from the portfolio of OTP Kids, and government bonds in the same amount were purchased. The rebalancing of government securities was carried out to increase the yield of OVDP held in the fund’s portfolio.
- Monthly return: 2.3%
- Annual return: 18.9%
OTP Equity Fund
In August, fund management focused on reallocating assets into short-term deposits at the highest available interest rates. Deposits were reallocated to JSC Ukreximbank in the amount of UAH 1 million, JSC Ukrgasbank in the amount of UAH 1 million, and JSC Agroprosperis Bank in the amount of UAH 1 million.
- Monthly return: -3.0%
- Annual return: 15.1%
OTP Valutnyi
In August, several transactions were carried out with the assets of OTP Valutnyi. Government Eurobonds totaling UAH 17 million were sold and replaced with securities offering higher yields. In addition, USD-denominated government bonds were purchased in the amount of USD 153 thousand.
- Monthly return: 6.5% in USD
- Annual return: 15.3% in USD
