NSC of Kazakhstan has calculated income ratios of APF for January 1999 - January 2000
13.02.01 00:00
/IRBIS, Feb 13, 01/ - The National Securities Commission of Kazakhstan
(NSC) has calculated ratios of real and nominal incomes of accumulative
pension funds (APF) of the country for January 1999 - January 2000. The
data are presented in the following table. When compiling the table the
agency IRBIS included the information of NSC on volumes of net assets of
APF (total pension assets less liabilities on charged commissions, accounts
payable on pensions) as of February 1, 2000 and February 1, 2001. Assets
have been converted into U.S. dollars at official rate of the National Bank,
effective on given dates. In parentheses are the differences between
comparable figure of previous month.
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Net assets, mln USD
Ratio of Ratio of -------------------
real nominal As of As of
Title of PAMC or APF income К3 income К2 Feb.1.00 Feb.1.01
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State Accumulative Pension Fund CJSC
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State Accumulative Pension
Fund CJSC 6.67 (2.17) 15.42 (0.68) 250.630 308.912
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Pension Assets Management Company ABN AMRO Asset Management CJSC
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APF Halyk pension fund JSCOT 9.22 (1.59) 18.18 ( 0) 6.968 11.991
APF ABN AMRO-KaspiiMunaiGas
CJSC 6.99 ( -) 15.76 ( -) - 48.354
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Pension Assets Management Company Jetysu CJSC
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Open APF Ular CJSC 8.19 (1.34) 17.06 (-0.26) 30.658 64.460
APF Kazakhmys CJSC 9.57 (1.82) 18.56 (0.25) 18.635 31.268
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Pension Assets Management Company Halyk Bank Kazakhstan CJSC
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APF Halyk Bank of Kazakhstan
CJSC 9.07 (2.44) 18.01 (0.93) 80.324 158.889
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Pension Assets Management Company Ak niet CJSC
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APF UMIT CJSC 9.89 (2.24) 18.90 (0.70) 27.664 66.252
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Pension Assets Management Company BTA Asset Management CJSC
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PAPF Kazakhstan CJSC 8.13 (1.84) 17.00 (0.29) 9.996 19.244
OPAPF Kurmet CJSC 6.93 (1.71) 15.70 (0.17) 4.889 24.186
Nefte-Gas-Dem OPAPF CJSC - - 8.787 16.596
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Non-state Pension Assets Management Company Aktiv-Invest CJSC
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PAPF Valut-Transit Fond CJSC 6.99 (1.63) 15.76 (0.07) 5.686 13.687
PAPF Kunayev CJSC 7.62 (1.83) 16.44 (0.28) 1.700 2.717
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Pension Assets Management Company BESTINVEST CJSC
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PAPF SENIM CJSC 8.76 (2.15) 17.68 (0.63) 18.822 38.969
PAPF Korgau CJSC - - 0.062 6.107
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Only those funds, whose assets were under constant management of
indicated PAMC throughout the reporting period, are shown in the
table. Comparison of data on other APF, whose assets were under the
management for incomplete period, will be inaccurate.
The absence of real and nominal income figures for pension assets of
Private accumulative pension fund Nefte-Gas-Dem CJSC and Accumulative
pension fund Korgau CJSC is due to the fact that during this period the
assets of these pension funds were being transferred from one company's
investment management to another company.
Accumulative pension fund KaspiMunaiGas CJSC was established by
merging with ABN AMRO Accumulative pension fund CJSC.
By the data of NSC weighted average ratio of real income for pension assets
of the accumulative pension funds mentioned above for January 1999 -
January 2000 equaled 8.81 (6.72 - for pervious period).
Ratio of nominal income (K2), by the method of NSC, reflects the
profitability of APF assets calculated by accruing totals.
Ratio of real income (K3) - NSC estimate of the profitability of the assets,
including consumer price index (CPI) in Kazakhstan, which equaled 108.2
(109.8) by the data of NSC.
Devaluation of national currency, that reached 4.96% (IRBIS estimates) by
weighted average rate of tenge towards dollar of the Exchange, does not
take into consideration K3. Actually, assets of the depositors are protected
against devaluation by investing them into securities indexed by the change
in exchange rate of tenge against the dollar, into currency bonds and
currency deposits of the banks.
Important note: the agency IRBIS is not responsible for the accuracy of the
data presented by NSC, as well as for the accuracy of calculation methods
used for the ratios mentioned above.