Income ratios of APF for October 2000 - October 2001 acccording to data of SMRD of NBK
19.11.01 00:00
/IRBIS, Nov 19, 01/ - The Stock Market Regulatory Department of the
National Bank of Kazakhstan (Department) has calculated ratios of real and
nominal incomes of accumulative pension funds (APF) of the country for
October 2000 - October 2001.
The data are presented in the following table. When compiling the table the
agency IRBIS included the information of the Department on volumes of net
assets of APF (total pension assets less liabilities on charged commissions,
accounts payable on pensions) as of November 1, 2000 and November 1,
2001. In parentheses there is a differences with comparable figures 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 Nov 1.01 Nov 1.00
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State Accumulative Pension Fund CJSC
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State Accumulative Pension
Fund CJSC 7.53(+1.25) 15.48(+0.70) 376.195 291.295
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Pension Assets Management Company ABN AMRO Asset Management CJSC
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KNPF Philip Morris Kazakhstan
CJSC - - 2.481 -
APF Halyk pension fund JSCOT 8.40(-0.93) 16.42(-1.66) 17.158 10.648
APF ABN AMRO-KaspiiMunaiGas
CJSC 7.36(+0.71) 15.30(+0.12) 74.579 38.647
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Pension Assets Management Company Jetysu CJSC
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APF UlarUmit CJSC 8.61(+1.54) 16.65(+1.01) 193.003 55.812
APF Kazakhmys CJSC 7.67(-0.38) 15.64(-1.06) 41.067 27.810
OPAPF NefteGas-Dem CJSC 8.13(-) 16.13(-) 24.357 14.188
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Pension Assets Management Company Halyk Bank Kazakhstan CJSC
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APF Halyk Bank of
Kazakhstan CJSC 8.05(+0.45) 16.04(-0.17) 241.156 136.072
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Pension Assets Management Company BTA Asset Management CJSC
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PAPF Kazakhstan CJSC 9.62(+0.74) 17.73(+0.14) 28.787 16.459
OPAPF Kurmet CJSC 9.23(+0.87) 17.32(+0.29) 39.840 17.395
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Non-state Pension Assets Management Company Aktiv-Invest CJSC
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PAPF Valut-Transit Fond CJSC 6.84(-1.48) 14.75(-2.24) 23.817 10.370
PAPF Kunayev CJSC 8.69(+0.59) 16.73(-0.02) 3.225 2.468
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Pension Assets Management Company BESTINVEST CJSC
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PAPF SENIM CJSC 8.23(+0.23) 16.23(-0.41) 56.522 33.513
PAPF Korgau CJSC 8.03(+0.52) 16.02(-0.09) 13.095 3.318
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Notes: 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. APF UlarUmit CJSC was created by merge
of APF Umit CJSC and OAPF Ular CJSC. There is no data on PAMC Ak niet CJSC
since this company has no pension assets under its management.
Weighted average ratio of real income for pension assets of the
accumulative pension funds mentioned above for October 2000 - October
2001 equaled 8.19% (7.70% and 7.44% for the last two periods in reverse
chronological order, respectively).
Ratio of nominal income (K2), by the method of the Department, reflects
the profitability of APF assets calculated by accruing totals.
Ratio of real income (K3) - Department's estimate of the profitability of the
assets, including consumer price index (CPI) in Kazakhstan, which equaled
107.4 (108.0; 108.3) by the data of the Department.
Devaluation of national currency, that reached 3.59% (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.