NSC of Kazakhstan has calculated income ratios of APF for April 2000 - April 2001
15.05.01 00:00
/IRBIS, May 15, 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 April 2000 - April 2001. 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 May 1, 2000 and May 1, 2001. Assets have been converted
into U.S. dollars at official rate of the National Bank, effective on given
dates. The assets of ABN AMRO-KaspiiMunaiGas APF were given as the total of
assets of merged funds as of May 1, 2001. In parentheses are the
differences between comparable figure of previous month.
-------------------------------------------------------------------------
Net assets, mln USD
Ratio of Ratio of -------------------
real nominal As of As of
Title of PAMC or APF income К3 income К2 May.1.00 May.1.01
---------------------------- ----------- ------------ --------- ---------
State Accumulative Pension Fund CJSC
-------------------------------------------------------------------------
State Accumulative 4.24 14.66 262.363 326.438
Pension Fund CJSC (-1.18) (-0.88)
---------------------------- ----------- ------------ --------- ---------
Pension Assets Management Company ABN AMRO Asset Management CJSC
-------------------------------------------------------------------------
KNPF Philip Morris - - - 0.014
Kazakhstan CJSC
APF Halyk pension 5.68(-0.92) 16.25(-0.59) 8.227 13.394
fund JSCOT
APF ABN AMRO- 3.84(-0.76) 14.22(-0.42) 25.027 56.162
KaspiiMunaiGas CJSC
-------------------------------------------------------------------------
Pension Assets Management Company Jetysu CJSC
-------------------------------------------------------------------------
Open APF Ular CJSC 5.14(-0.70) 15.65(-0.35) 39.769 73.323
APF Kazakhmys CJSC 5.90(-1.05) 16.49(-0.73) 21.637 34.666
---------------------------- ----------- ------------ --------- ---------
Pension Assets Management Company Halyk Bank Kazakhstan CJSC
-------------------------------------------------------------------------
APF Halyk Bank of 6.06(-1.14) 16.67(-0.82) 97.551 185.667
Kazakhstan CJSC
---------------------------- ----------- ------------ --------- ---------
Pension Assets Management Company Ak niet CJSC
-------------------------------------------------------------------------
APF UMIT CJSC 7.22(-0.30) 17.94(+0.10) 35.701 78.521
Nefte-Gas-Dem OPAPF CJSC - - 10.444 19.565
-------------------------------------------------------------------------
Pension Assets Management Company BTA Asset Management CJSC
-------------------------------------------------------------------------
PAPF Kazakhstan CJSC 5.98(-0.61) 16.58(-0.25) 11.827 22.770
OPAPF Kurmet CJSC 5.07(-0.58) 15.58(-0.21) 7.277 29.956
---------------------------- ----------- ------------ --------- ---------
Non-state Pension Assets Management Company Aktiv-Invest CJSC
-------------------------------------------------------------------------
PAPF Valut-Transit Fond CJSC 4.80(-0.51) 15.28(-0.14) 6.688 16.874
PAPF Kunayev CJSC 5.17(-0.19) 15.69(+0.21) 1.891 2.910
---------------------------- ----------- ------------ --------- ---------
Pension Assets Management Company BESTINVEST CJSC
-------------------------------------------------------------------------
PAPF SENIM CJSC 5.41(-1.18) 15.95(-0.87) 23.225 44.455
PAPF Korgau CJSC - - 0.617 8.284
-------------------------------------------------------------------------
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.
By the data of NSC weighted average ratio of real income for pension assets
of the accumulative pension funds mentioned above for April 2000 - April
2001 equaled 5.79 (6.67).
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.
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 110.0
(109.6) by the data of NSC.
Devaluation of national currency, that reached 2.64% (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.