Dynamics of condiional pension unit of Kazakhstani APF (complete data of six months)

/IRBIS, July 24, 01/ - IRBIS agency continues data publication of information provided by the Accumulative Pension Funds Regulatory Committee of the Ministry of Labor and Social Protection of Kazakhstan (Committee). The following table contains values for conditional pension units (CPU) of pension accumulative funds' assets up to July 1, 2001 and also dynamic of this indicator in different periods of funds' activity (calculated by IRBIS). Fund have been sorted according to their activity start at the market. ------------------------------------------------------------------------------- CPU change in % APR Data Meaning of ------------------------------------- from the beginning of: during last: of activity CPU ---------------------- ------------- start on activity 2000 2001 three one Title of fund July 01. 01 months month ------------- ----------- ----------- -------- ----- ----- ------ ----- SPAF Jan 15. 98 214.1303 32.98 15.24 12.60 12.25 13.19 HBK Feb 24. 98 245.4651 43.41 17.67 15.35 10.66 10.85 Umit Mar 13. 98 241.8814 42.94 26.26 16.81 15.96 11.31 VTF Mar 20. 98 233.9127 40.77 18.59 13.96 14.54 11.57 HPF Mar 22. 98 250.0857 45.77 18.75 16.75 19.29 17.58 Kunaev Mar 24. 98 219.7642 36.58 19.17 15.62 16.02 16.00 Kazakhmys Apr 19. 98 251.4435 47.29 18.43 15.31 14.91 16.82 Ular Apr 20. 98 244.2365 45.07 16.55 13.12 11.53 7.44 Kaz-n Apr 28. 98 234.5400 42.33 18.25 17.22 16.23 18.38 NGD June 07.98 239.1625 45.35 18.21 17.73 11.16 11.39 Kurmet Jan 01. 99 197.4858 39.02 17.26 17.14 14.52 16.87 ААКMG Mar 03. 99 170.1550 30.09 16.40 15.13 14.93 14.14 SENYM July 20. 99 131.5301 16.16 17.19 14.31 13.83 14.70 Korgau Dec 01. 99 122.2522 14.05 14.71 14.78 11.68 12.33 PMK Apr 07. 01 101.2045 5.17 - - - 8.64 ----------------------------------------------------------------------------- CPU - is one of the main indicators of a fund's profitability. When APF is first established, it is equal to KZT100. It is a beginning value of CPU for any APF. Later, after making certain profitable investments by the fund, all accrued investment income is divided into the number of CPU of the fund and in compliance with approved calculation methods, it increases its value. Therefore, each depositor of the fund, who owns a certain amount of CPU, receives his/her proportional investment income growth on his/her pension deposits. Naturally, effectiveness of the APF activities (to be exact those of PAMC), should be assessed not on the basis of CPU absolute value, but its growth rate, since in absolute value of the CPU depends on the life of the fund. That is why IRBIS agency operates speed change of CPU of different periods reflected in % APR in the table. Each period indicator is the difference of first and last CPU values referred to the primary value reflected in % than divided into number of days in period and multiplied by 365. IRBIS considers that resulted indicator may be considered as face revenue of fund's assets in period for investor. The following detailed table enables to observe dynamic of above described change indicator of CPU (% APR) in monthly sector during 2001.The data have been sorted under ABC. -------------------------------------------------------- Fund January February March April May June --------- ------- -------- ----- ----- ----- ----- ААКMG 18.42 11.68 13.46 11.48 18.50 14.14 VTF 13.97 6.44 17.34 12.24 19.14 11.57 SPAF 13.66 13.62 10.14 10.19 12.97 13.19 Kazakhmys 17.96 12.80 13.92 14.11 13.30 16.82 Kaz-n 13.02 27.55 12.25 15.96 13.78 18.38 Korgau 17.21 16.01 18.16 9.99 12.37 12.33 Kunaev 19.10 12.14 11.94 15.44 15.98 16.00 Kurmet 12.46 30.02 15.11 13.61 12.61 16.87 HBK 26.00 16.75 14.83 9.28 11.55 10.85 NGD 14.72 47.84 9.91 10.07 11.68 11.39 PAF 15.50 11.61 12.90 10.29 28.84 17.58 SENYM 15.64 16.04 10.93 10.37 15.89 14.70 Ular 16.61 13.22 12.52 14.13 12.66 7.44 Umit 16.51 20.53 13.64 24.75 11.38 11.31 PMK - - - - 3.12 8.64 -------------------------------------------------------- For simplicity, following abbreviations have been used in the table: Umit - APF Umit CJSC; VTF - PAPF Valut-tranzit fund CJSC; Kunaev - PAPFOT after Kunaev CJSC; HPF - OAPF Halyk Pension Fund CJSC; Kazakhstan - PAPF Kazakhstan CJSC; HBK - APF Halyk Bank of Kazakhstan; Kazakhmys - APF Kazakhmys CJSC; Ular - OAPF Ular CJSC; NGD - PAPF NefteGas-Dem; Kurmet - POAPF Kurmet; AAKMG - APF ABN AMRO - KaspiiMunaiGas CJSC; SENIM - OAPF SENIM CJSC; Korgau - APF Korgau CJSC; PMK - KAPF Philip Morris Kazakhstan CJSC; SAPF - State Accumulative Pension Fund CJSC. The information is published as of being valuable for all participants of Kazakhstan pension reform. Taking into account sharp reaction of companies managing pension assets and PAF on previous publications of IRBIS the agency IRBIS does not assume any liability on the reliability of the data by referring to original sources.