Investment opportunities in Ukraine during the war: an expert review

In 2024, Ukrainians will actively invest in domestic government bonds (OVDP), diversifying their savings both in hryvnia and in foreign currency. According to experts, about 48-52% of Ukrainians invest in the national currency, with the rest divided between dollars and euros. This approach contributes to maintaining stability and increasing the profitability of investments.

Taras Kozak, president of the UNIVER investment group, in his interview for Delo.ua, emphasized the importance of understanding the potential opportunities and risks of investing in financial instruments in wartime conditions.

One of the examples of a successful investment strategy is investing in hryvnia OVDP before the start of the war. Kozak notes that the reinvestment of income in new hryvnia securities made it possible to get significantly more dollars for their money than was possible before the crisis. This indicates that the yield of hryvnia government bonds exceeds the level of devaluation of the national currency, despite its significant depreciation at the current stage.

Today, the devaluation of the Ukrainian hryvnia is approximately 33%, which is a serious challenge for investors. At the same time, the yield of hryvnia government bonds reached 50%, which makes them attractive in terms of investment compared to alternative assets.

The expert also points to the availability of other investment opportunities, in particular corporate bonds with a fixed yield. For example, the Nova Poshta company issued bonds with a yield of 23-24% in 2023, which caused significant interest among investors. Also on the list of interesting offers are bonds from "Novapay" and "Rush", which also offer high levels of profitability.

In general, investments in corporate bonds may have a higher risk compared to T-bills because the income from them is subject to taxation. However, even after accounting for these costs, they remain attractive to individuals as they can provide significant net after-tax income.

Taras Kozak emphasizes that the investment market in Ukraine during the war provides ample opportunities for various strategies and portfolios. He advises investors to carefully analyze all possible risks and choose investment instruments according to their financial goals and risks in order to maximize their returns in the face of economic instability.