ICU Group oversees the assets of six non-state pension funds (NPFs) in Ukraine: Ukreximbank, Emerit-Ukraine, Dynasty, Zaluchennya, Vzaiemodopomoha, and Turbota. ICU holds an 18.7% share of the NPF market by net asset value (NAV). Excluding the NBU NPF, which is managed by the National Bank of Ukraine, ICU's share of the NAV across all NPFs under Asset Management Companies management increased to 32.1%.
Increase in Asset Value:
- The total NAV of all NPFs in Ukraine rose by 17.3%, reaching UAH 5.72 billion.
- The NAV of the funds managed by ICU grew by 20.4%, amounting to UAH 1.07 billion.
Leaders in relative NAV growth include:
- Turbota: +84.8% (2nd place in Ukraine)
- Dynasty: +42.8% (5th place)
- Vzaemodopomoga: +33% (8th place)
Leaders in Net Profitability:
- Dynasty: 19.8% (4th place)
- Vzaemodopomoga: 19.3% (5th place)
- Emerit-Ukraine: 18.3% (6th place)
These funds have outperformed inflation, currency devaluation, and the yields on hryvnia domestic government bonds and bank deposits.
Number of Participants:
- Total participants: 124,088 (+4.4% for the year) in funds managed by ICU.
Grigory Ovcharenko, Head of Asset Management at ICU, stated:
"The accurate assessment of macroeconomic trends and the NBU's monetary policy enabled us to make prudent investment decisions that ensured a high return on our pension funds.
Despite the challenges of wartime conditions, the stable operation of NPFs and the increasing need for long-term employee incentives have drawn employers' attention to corporate pension programs. We are actively working with companies and conducting lectures and webinars on financial literacy for Ukrainian and international businesses in Ukraine.
By year-end, Dynasty NPF attracted a record amount of contributions, demonstrating our clients' high level of trust in our company. Our strategic goal is to maintain high sector standards and build a solid foundation for the continued development of the funded pension system in Ukraine."
About ICU
ICU is an independent investment group that provides brokerage and depository services, asset management, private equity, venture capital, and fintech investment solutions. For over 15 years, ICU has been a leading asset management company in Ukraine and the largest broker in the Ukrainian government bond market.
