KIEV, Oct. 9 - Collective investment institutions showed negative results in September, with a profitability indicator of minus 6.45%, according to a study by the Ukrainian Association of Investment Business.

"The profitability indicators of open CIIs continued worsening. Four months in a row open CIIs showed considerably losses. The average monthly profitability of open CIIs in September 2008 was minus 6.45%, reads the survey.