In May, markets remained unsettled, but panic as a whole is not there. The recent rise in the dollar and interest rates around the world triggered a wave of bond sales of developing countries. This wave has exposed weaknesses - economies with large current account deficits and large external debts, in particular, Turkey and Argentina, where small currency crises occurred. The oil was poured into the flames by populists who came to power in Italy, who now promise to spend more money than they can afford, that the Italian debt market has collapsed and even weakened the euro. Now the Ukrainian shares were also sold, the UX index declined by 6% in a month. But the S & P 500 index for May, against the backdrop of growing protectionism in the US, even grew by 2.4%. While emerging markets are getting used to rising interest rates and falling rates of their currencies - the US economy continues to show steady growth, and US companies - a record profit in the first quarter, which, among other things, is due to Trump's tax reform. Over the past six months, the macroeconomic external background for most emerging markets has deteriorated sharply, but the reaction of developing economies has been different. If most countries are now in the late stage of the economic cycle, then in Ukraine the recovery of the economy and lending is just beginning. If in other countries speculative capital has come into significant volume in recent years and these flows have now unfolded, then in Ukraine we practically do not observe these phenomena. In addition, Ukraine already has an existing IMF program, according to which the country can receive financing regardless of the unrest in the capital markets. In other words, Ukraine will likely continue its slow economic growth even if the external background worsens and the problems in other emerging markets worsen. In June, we expect good news about the adoption of an anti-corruption court compatible with the requirements of the IMF and believe that this may spur demand for Ukrainian assets. The price of the fund's certificate fell by 7.3% in the month, from the beginning of the year it grew by 13.8%. At the end of May, 95% of the fund's assets were shares. During the next interval in May, the fund paid investors 50 thousand UAH, and the inflow of new funds to the fund amounted to 30 thousand UAH. The fund did not conduct any deals with securities this month.

The price of the fund's certificate grew by 0.2% per month, with the result since the beginning of the year already 45%. During the month the fund maintained its current portfolio and did not conduct transactions with securities. Investors also did not show activity. As of the end of September, 82% of the fund's assets were shares.

The price of the fund's certificate has grown by 2.3% per month, and since the beginning of the year it has already increased by 45%. In the course of the month, the fund reduced its position in the shares by selling the entire block of shares of the Kryukovsky MZ and partially Centrenergo and Motor Sich. The fund's investors did not show any activity. At the end of August, 83% of the fund's assets were shares.

The price of the fund's certificate increased for the month by 4.8%, and since the beginning of the year already by 42%. During the month the fund maintained its current portfolio and did not conduct transactions with securities. Investors also did not show activity. At the end of July, 88% of the fund's assets were shares.

The result of Aurum for June is + 2.1%, since the beginning of the year + 35.3%. In June, we slightly increased the share of shares in the portfolio by buying shares in MHP, Centrenergo, Motor Sich. The share of shares in the portfolio is now 88%.

The result of Aurum for May is + 4.3%, since the beginning of the year + 32.4%. In May, we slightly increased the share of shares in the portfolio through the purchase of shares of Centrenergo and Motor Sich, the share of shares in the portfolio is now 82%.

The result of Aurum for April is + 3.2%, since the beginning of the year + 26.9%. There were no significant changes in the portfolio. The share of shares in the portfolio is 87%.

The result of Aurum for March is + 11.4%, since the beginning of the year + 23.0%. During the next interval, the fund paid investors UAH 10 thousand. There were no changes in the portfolio. The share of shares in the portfolio is 86%.

The result of Aurum for February is + 4.9%, since the beginning of the year + 10.4%. There were no significant changes in the portfolio. The share of shares in the portfolio is 85%.

The result of Aurum for January + 5.2%. There were no significant changes in the portfolio. The share of shares in the portfolio is 84%.