דוח מיוחד- תעודות סל
דוח מיוחד- תעודות סל
דוח מיוחד- תעודות סל
מחברים:
יובל סקורניק - אנליסט
yuvals@midroog.co.il
אביגיל קוניקוב - ראש צוות בכירה
avigail.k@midroog.co.il
אנשי קשר:
רו"ח מירב בן כנען הלר, סמנכ"ל - ראש תחום מימון מובנה ופרויקטים
meravb@midroog.co.il
התפתחויות בשוק תעודות הסל
היקף שוק תעודות הסל(1) ירד מכ-54.9 מליארד ₪, נכון לסוף דצמבר 2010 לכ-49.1 מיליארדי ₪, נכון לסוף שנת 2011. בהתאם לפרסומי הבורסה לני"ע בת"א, מרבית הירידה נבעה כתוצאה מירידה בשווי השוק של תעודות הסל באפיק המנייתי, אשר נבעה ברובה משינוי שערי המדדים העוקבים אחרי מדדי המניות ולא מפדיונות של משקיעים.
יובל סקורניק - אנליסט
yuvals@midroog.co.il
אביגיל קוניקוב - ראש צוות בכירה
avigail.k@midroog.co.il
אנשי קשר:
רו"ח מירב בן כנען הלר, סמנכ"ל - ראש תחום מימון מובנה ופרויקטים
meravb@midroog.co.il
התפתחויות בשוק תעודות הסל
היקף שוק תעודות הסל(1) ירד מכ-54.9 מליארד ₪, נכון לסוף דצמבר 2010 לכ-49.1 מיליארדי ₪, נכון לסוף שנת 2011. בהתאם לפרסומי הבורסה לני"ע בת"א, מרבית הירידה נבעה כתוצאה מירידה בשווי השוק של תעודות הסל באפיק המנייתי, אשר נבעה ברובה משינוי שערי המדדים העוקבים אחרי מדדי המניות ולא מפדיונות של משקיעים.
משמאל תרשים המרכז את שווי אחזקות הציבור בתעודות סל החל מיוני 2006 ועד סוף דצמבר 2011.
![](data:image/png;base64,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)
תרשים 1. מקור הנתונים: בנק ישראל (הנתונים אינם כוללים תעודות פיקדון). נתוני דצמבר 2011 הינם בהתאם לפרסומי החברות במסגרת דוחות החזקות הציבור לסוף דצמבר 2011.
בתרשים ניתן לראות את הירידה בשווי החזקות בתעודות סל החל מספטמבר 2008 ועד תחילת 2009. ירידה זו נבעה בעיקר מירידה בשווי השוק של המדדים באותה תקופה. הירידה בשווי החזקות בחודשים מאי 2010 עד יולי 2010 הושפעה ממשבר החוב במספר מדינות באיחוד האירופי על שווי השוק של המדדים הנעקבים וכן השפעת סביבת הריבית הנמוכה באותה תקופה על היקף ההשקעה באפיק האג"חי בתעודות הסל. הירידה במהלך שנת 2011 הינה כאמור כתוצאה מירידה בשווי השוק של המדדים המנייתיים.
בהתאם לנתוני הבורסה לני"ע ובנק ישראל נרשמה ירידה חדה של כ-5.5 מיליארד ₪ בשנת 2011 בהחזקות ת. סל באפיק המנייתי בישראל, על רקע ירידה במדדי השוק הנעקבים וזאת לצד עלייה בהחזקות הציבור בת. הסל באפיק חו"ל, בעיקר עקב רכישות הציבור. היקף ת. הסל המורכבות העוקבות אחר מדדי אג"ח קטן אף הוא.
החזקות בתעודות הסל העוקבות אחר מדדי מניות ישראליים ירדה בשנת 2011 מכ-24.6 מליארד ₪ בסוף שנת 2010 לכ-19.1 מיליארד ש"ח לסוף נובמבר 2011, וזאת בעיקר על רקע הירידה במדדים הנעקבים בתעודות אלו והשפעות מאקרו כלכליות על המדדים. בתרשים 2 מוצגת הירידה שנרשמה בשווי מדד ת"א 100 אל מול הירידה בהחזקות הציבור בת. סל במדדי המניות הישראליים בתרשים 3.
אפיק החזקות תעודות הסל בחו"ל רשם צמיחה של כ-13%, מכ-8.3 מיליארד ₪ בסוף 2010 לכ- 9.4 מיליארד ₪ לסוף נובמבר 2011, רובה מרכישות, ככל הנראה לאור העדפות משקיעים ליצירת חשיפה לנכסי חו"ל.
בהחזקות תעודות הסל באפיק האג"חי נרשמה יציבות וזאת במקביל למשתקף במדדי השוק. יחד עם זאת הירידה באפיק מורכבות ואחר הינה בעיקר עקב ירידה בהחזקות בתעודות אג"ח מורכבות.
תרשים 2. מקור הנתונים: הבורסה לני"ע, Yahoo finance ועיבוד מידרוג.
![](data:image/png;base64,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)
תרשים 3. מקור הנתונים: בנק ישראל ועיבוד מידרוג. * נתוני 2011 הינם לסוף נובמבר 2011. תעודות מורכבות מוגדרות כתעודות העוקבות אחר מספר סוגי מדדים. לדוגמא: מניות בארץ ואג"ח בארץ, מניות בארץ ובחו"ל. באפיק אחר מוגדרות תעודות וכתבי אופציות על סחורות, כתבי אופציות על מדדי מניות בחו"ל ותעודות אג"ח בחו"ל.
תרשים 3. מקור הנתונים: בנק ישראל ועיבוד מידרוג. * נתוני 2011 הינם לסוף נובמבר 2011. תעודות מורכבות מוגדרות כתעודות העוקבות אחר מספר סוגי מדדים. לדוגמא: מניות בארץ ואג"ח בארץ, מניות בארץ ובחו"ל. באפיק אחר מוגדרות תעודות וכתבי אופציות על סחורות, כתבי אופציות על מדדי מניות בחו"ל ותעודות אג"ח בחו"ל.
בניגוד לענף ת.הסל ותעודות הפיקדון שלא ספג פדיונות במצטבר מסוף דצמבר 2010 עד לסוף דצמבר 2011 (צבירה נטו של כ-5.2 מיליארד ₪(2)), בענף קרנות הנאמנות נרשמו פדיונות נטו של כ- 10.6 מיליארד ₪ בתקופה המקבילה.
בשנת 2010 קרנות הנאמנות נהנו מיתרון יחסי בגיוסים באפיק האג"חי, המהווה את אפיק ההשקעה העיקרי בקרנות נאמנות, וזאת על רקע סביבת ריביות נמוכה ועמלות קנייה ומכירה בתעודות הסל אשר מייקרות את תעודת הסל ללקוח ביחס לקרן הנאמנות, נציין כי בתעודות הסל המנייתיות הרגישות לעמלות קנייה ומכירה נמוכה יותר. לעומת גיוסי 2010 בקרנות הנאמנות, בשנת 2011 פדיונות המשקיעים הביאו לירידה בהיקף קרנות הנאמנות לכ-145 מיליארד ₪, לסוף נובמבר 2011. בתרשים 4 מוצג היקף הנכסים המנוהלים בתעודות הסל אל מול קרנות הנאמנות, בשנתיים האחרונות. שני השווקים שומרים על יציבות יחסית, כאשר שוק קרנות הנאמנות רגיש יותר לפדיונות עקב התמהיל הצר יחסית שלו (האפיק האג"חי – מסומן בכתום בתרשים 5), וזאת לעומת התמהיל המפוזר יחסית בשוק תעודות הסל, בין האפיק האג"חי והאפיק המנייתי. לחלק מקרנות הנאמנות קוים דומים לתעודות הסל, אל אף שהמוצרים שונים בבסיסם. תעודות הסל הינם מכשירים המבטיחים את תשואת המדד (Firm Commitment) בעוד שקרן הנאמנות, הינה מוצר מנוהל אקטיבית, ואינה מחויבת לתשואת המדד אחריו עוקבת וההתחייבות הינה על בסיס Best Effort. שוק קרנות הנאמנות הינו מוצר ותיק בשוק ההון הישראלי ומופץ על ידי המערכת הבנקאית. בעוד שתעודת הסל הינה ני"ע אשר תמורת קנייתו/מכירתו הבנק גובה עמלת קנייה ומכירה, קרן הנאמנות הינה מוצר המשווק על ידי הבנק בתמורה לעמלת הפצה הנגבית ממנהל הקרן. נציין כי שני המוצרים משווקים גם למשקיעים המוסדיים. היקף עמלות הקניה והמכירה שונה בהתאם לתנאי המשקיע מול הבנק/חבר הבורסה ועשויים להיות משמעותיים בהשקעה לטווחים קצרים ו/או במדדים בעלי תשואה נמוכה יחסית (כגון אג"ח ממשלתי).
תרשים 4. מקור הנתונים: בנק ישראל ועיבוד מידרוג.
![](data:image/png;base64,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)
תרשים 5. מקור הנתונים: בנק ישראל ועיבוד מידרוג.
![](data:image/png;base64,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)
תרשים 5. מקור הנתונים: בנק ישראל ועיבוד מידרוג.
כתוצאה מעסקאות הרכישה "תכלית – אינדקס" ו"מיטב – מבט" נוצרו 5 קבוצות מנהלים: שתיים גדולות (קסם ותכלית), שתי בינוניות (פסגות ומיטב) והראל.
להלן תרשים המתאר את נתח השוק של כל אחד מהמנהלים במונחי היקף נכס מנוהל לפני ולאחר הרכישות כפי שעולה מהדוחות הכספיים של החברות (לרבעון השני והשלישי לשנת 2011). בהקשר זה נציין כי ענף תעודות הסל הינו ענף הנהנה מיתרון לגודל הן ברמת הוצאות התפעול בתעודות, לרבות השקעות במערכות המסחר והבקרה והן ברמת ההכנסות מניהול הנכסים המגבים המשתקפות בהיקף הפעילות היומית ובתנאים מול המערכת הבנקאית וחברי הבורסה (כגון: ריביות ועמלות מסחר וכו'). בעסקאות הרכישה החברות הביאו בחשבון את היתרונות לגודל והן את התשתיות התפעוליות המצויות בכל פעילות. בתרשים 6 ניתן לראות כי עם המיזוג נוצרו 5 קבוצות המנהלות תעודות סל ותעודות פיקדון, בתרשים מוצגים נתוני נתח השוק בהתאם להיקף הנכסים המנוהל בדוחות הכספיים לרבעון 3, 2011. שתי הקבוצות הגדולות, כשליש מהשוק כל אחת, קסם ותכלית – אינדקס. שתי קבוצות בינוניות המחזיקות כ-14%, כל אחת, פסגות ומיטב – מבט והראל, אשר נתח השוק שלה עומד על כ-6% לרבעון 3, 2011. נתחי שוק אלו נותרו יציבים גם בהתאם לנתוני סוף דצמבר 2011, מדיווחי החזקות הציבור של החברות: קסם מחזיקה כ-33.6% מהחזקות הציבור בשוק, תכלית – אינדקס כ-33.1%, פסגות ומיטב – מבט כ-13.5%, כל אחת, והראל כ-6.3%. נציין כי המיזוגים שהתרחשו בשוק הינם כרוכים, בין היתר, במיזוג התשתית התפעולית, מהלך המשפיע על תשומת הלב הניהולית ובעל השלכות על כושר התחרות בטווח הקצר.
תרשים 6. מקור הנתונים: דוחות כספיים (תעודות סל ותעודות פיקדון) של החברות ועיבוד מידרוג.
ניתוח פיננסי ענפי, לפי מנהל תעודה
שיעור ההכנסות ביחס להיקף הנכסים המנוהל המשיך לשמור על יציבות בדומה לשנים 2009 ו-2010. שיעור זה נמוך משמעותית ביחס ל-2007 ו-2008 וזאת בעיקר על רקע התחרות בין השחקנים.
ענף תעודות הסל רשם הכנסות של כ-258 מליון ₪ בשנת 2010 וכ-233 מליון ₪ לשלוש הרבעונים הראשונים של 2011. מבנה ההכנסות של חברות תעודות הסל כולל בעיקר הכנסות מדמי ניהול, הכנסות ממסחר, הכנסות מימון, הכנסות מהשאלות (לפירוט בדבר מקורות רווח(3) אלו, ראה דוח מיוחד מספטמבר 2009). בתרשים 7 מוצג שיעור הכנסות ביחס להיקף נכסים מנוהל בממוצע (רבעוני) בהתאם לנתונים שפורסמו בדוחות הכספיים הרבעוניים של החברות, לפי חברה מנהלת. נראה כי הענף נהנה מיציבות יחסית בהיקף ההכנסות ביחס להיקף נכס מנוהל החל משנת 2009, וזאת ככל הנראה לאור תמהיל האפיקים המפוזר בענף, המאפשר לשמור על יציבות ההכנסות ביחס לנכס המנוהל.
![](data:image/png;base64,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)
תרשים 7. מקור הנתונים: דוחות כספיים של החברות ועיבוד מידרוג. הנתונים כוללים גם נתונים של תעודות פיקדון המנוהלות על החברות. החל מנתוני הרבעון השלישי 2010 נכללים נתוני חברת הראל (גם בנתונים המצרפיים)(4).
תרשים 7. מקור הנתונים: דוחות כספיים של החברות ועיבוד מידרוג. הנתונים כוללים גם נתונים של תעודות פיקדון המנוהלות על החברות. החל מנתוני הרבעון השלישי 2010 נכללים נתוני חברת הראל (גם בנתונים המצרפיים)(4).
מוצג מטה תרשים הכנסות שנתיות ביחס לממוצע נכסים מנוהל (שנתי) וכן נתוני 2011 ל-3 הרבעונים הראשונים. הנתונים ל-3 הרבעונים הראשונים כוללים את נתוני סך ההכנסות בשנת 2011 עד לרבעון המוצג מחולקים בממוצע הנכסים לאותה תקופה. ניתן לראות באופן מובהק יותר את הירידה בשיעור ההכנסות בשנת 2009 ואת ההתאוששות במהלך השנים 2010 ו-2011.
![](data:image/png;base64,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)
תרשים 8. מקור הנתונים: דוחות כספיים של החברות ועיבוד מידרוג. נתוני 2011 כוללים את נתוני ההכנסות לשנת 2011 עד לרבעון המוצג מחולקים בממוצע הנכסים לאותה תקופה. נתוני הראל נכללים בנתונים המצרפיים החל משנת 2010 2. הנתונים כוללים גם נתונים של תעודות פיקדון המנוהלות על החברות.
תרשים 8. מקור הנתונים: דוחות כספיים של החברות ועיבוד מידרוג. נתוני 2011 כוללים את נתוני ההכנסות לשנת 2011 עד לרבעון המוצג מחולקים בממוצע הנכסים לאותה תקופה. נתוני הראל נכללים בנתונים המצרפיים החל משנת 2010 2. הנתונים כוללים גם נתונים של תעודות פיקדון המנוהלות על החברות.
בחברת מיטב שיעור ההכנסות ביחס להיקף הנכסים המנוהל הינו גבוה מהממוצע בענף בשנת 2010 ובמהלך 2011 וזאת בעיקר על רקע הכנסות הריבית בתעודות הפיקדון של החברה. בחברת קסם שיעור ההכנסות ביחס להיקף נכסים מנוהל הינו גבוה מהממוצע הענפי, וזאת בעיקר בשל היתרון לגודל הנכס המנוהל. חברת תכלית מציגה שיעור הכנסות דומה לממוצע הענפי. הכנסות החברות מושפעות גם מתמהיל הנכסים המנוהלים על ידם (למשל: מיטב מוטת תעודות פיקדון) וכן ממתן הנחות כחלק מאסטרטגיה לגידול בנכס השוק. מהתרשים עולה כי שיעור ההכנסות ביחס להיקף הנכסים המנוהל שמר על יציבות 2011, לאחר התאוששות מהירידה בשנת 2009.
ההון העצמי של החברות נותר יציב בשנת 2011, קסם הגדילה את הונה מכ-134 מליון ₪ לסוף שנה 2010 לכ-167 מליון ₪ לסוף רבעון 3, 2011, כתוצאה מגידול בעודפים. במסגרת תיקון 16 לחוק השקעות משותפות בנאמנות, המסדיר את פעילותו של ענף תעודות הסל, צפויות חברות תעודות הסל לאמץ מודל הקצאת הון בהתאם לסיכונים השונים.
ההון העצמי המוחזק ע"י מנהלי תעודות הסל עמד על כ-417 מליון ₪ בסוף שנת 2010 ועל כ-465 מליון ₪ לסוף הרבעון השלישי של 2011. משמאל מוצג תרשים המתאר את התפתחות ההון העצמי של החברות המנהלות החל מרבעון ראשון 2007, במיליוני ₪. מלבד קסם ותכלית, מנהלי התעודות מחזיקים בהון עצמי סביב ה- 36-40 מיליון ₪, התואם לכללי הבורסה המחייבים הון מינימאלי של 36 מיליון ₪ וזאת כתלות בהיקף וסוג התעודות המונפקות.
![](data:image/png;base64,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)
תרשים 9. מקור הנתונים: דוחות כספיים של החברות ועיבוד מידרוג.
נציין כי במסגרת תיקון 16 ומודל ההון העצמי החדש, ההון העצמי הנדרש יהיה הון עצמי כלכלי, קרי הוא לא יכלול רכיבים חשבונאיים כגון הוצאות הנפקה נדחות, הנכללות בהון העצמי המפורט לעיל. בהקשר זה נציין כי ההון העצמי הכלכלי של החברות לסוף רבעון 2, 2011 עמד על כ-310 מליון ₪ וזאת בהשוואה להון חשבונאי של כ-445 מליון ₪, לאותו מועד.
הסיכונים בגינם יקצו חברות תעודות הסל את ההון במסגרת התקנות מכוח תיקון 16 הינם: סיכון השוק, סיכון האשראי, סיכון הנזילות והסיכון התפעולי. לצורך אימוץ המודל החברות תעבנה את מערכות הבקרה בעיקר על מנת להתמודד עם כימות סיכון השוק כמפורט במודל המוצע.
מידע מקצועי רלוונטי
התכסות באמצעות עסקאות SWAP, דוח מיוחד- נובמבר 2011
סיכום שנת 2010 ומגמות לשנת 2011, דוח מיוחד - פברואר 2011
סיכון אשראי בתעודות פיקדון, דוח מתודולוגי - מאי 2011
יסודות ניתוח MQ, מצגת - יוני 2010
תעודות פיקדון (תעודות התחייבות), דוח מתודולוגי - מאי 2010
תעודות סל, דוח מיוחד - ספטמבר 2009
סולם דירוג האשראי לתעודות סל ואג"ח מגובות NOTES - ספטמבר 2009
[1] ללא תעודות פיקדון.
[2] בהתאם לדוחות החזקות הציבור של מנהלי התעודות לסוף דצמבר 2011.
[3] יצוין כי בשנת 2011 ביצעו מספר מנפיקים עסקאות SWAP המהוות מקור רווח נוסף. לדוח מיוחד בנושא ראה: התכסות באמצעות עסקאות SWAP,
דוח מיוחד- נובמבר 2011.
[4] עד שנת 2010 נתוני חברת הראל לא נכללים, שכן החברה החלה את פעילותה בתחילת 2009 והכללת נתוני פעילות חדשה עשויים להטות מגמות ענפיות. בנתונים הרבעוניים מכללים החל מרבעון 3, 2010.
[2] בהתאם לדוחות החזקות הציבור של מנהלי התעודות לסוף דצמבר 2011.
[3] יצוין כי בשנת 2011 ביצעו מספר מנפיקים עסקאות SWAP המהוות מקור רווח נוסף. לדוח מיוחד בנושא ראה: התכסות באמצעות עסקאות SWAP,
דוח מיוחד- נובמבר 2011.
[4] עד שנת 2010 נתוני חברת הראל לא נכללים, שכן החברה החלה את פעילותה בתחילת 2009 והכללת נתוני פעילות חדשה עשויים להטות מגמות ענפיות. בנתונים הרבעוניים מכללים החל מרבעון 3, 2010.