According to AFS, Kazakhstan net pension assets reach KTZ1,918.9 billion ($13.0 billion) as of March 1, 2010
/IRBIS, March 19, 2010/ - According to the data of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS), the total amount of net pension assets (PA) in the republic (total pension assets excluding obligations on charged commission interests, creditors' debts on pension payments) as of March 1, 2010 reached KTZ1,918.9 billion. (or equivalent of $13,025.5 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of February 1, 2010 is KTZ1,893.0 billion or $12,772.5 million.
In February 2010 net assets of accumulative pension funds (APF) grew by 1.4% (by 2.0% in dollar terms) relative to the previous month.
As of the beginning of January 2010, the total sum of pension assets made KZT1,919.6 bn., of which KZT1,882.0 bn. were invested.
During February 2010, there were four specialized organizations carrying out pension assets investment management activity (PAIMO) and 14 APF. Ten funds - Accumulative pension fund of Halyk Bank of Kazakhstan JSC, APF SAPF JSC, SB JSC Bank TuranAlem JSC, APF BTA Kazakhstan JSC, APF Capital JSC, APF Kazakhmys JSC, OAPF Otan JSC, OAPF AMANAT- KAZAKHSTAN JSC, APF NefteGas-Dem JSC, APF REPUBLIC JSC and Eurasian accumulated pension fund JSC which actually were PAIMO as well, pension assets were controlled independently. Share of PA, which was controlled by these funds, totaled 76.5% out of the entire amount of PA of the republic, by the beginning of March, 2010 (as at February 1, 2010 - 76.7%).
The table below presents volumes of assets of each fund (KZT m., unless otherwise indicated) and distribution of APF assets by PAIMO as of March 1, 2010. Figures in parentheses give the same picture as of February 2010.
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Total assets
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Net % of all PA
pension of
Name of PAIMO / APF assets Trend, % Volume Kazakhstan Invested
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PAIMO GRANTUM Asset Management JSC
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GRANTUM APF JSC 114,093 +2.9 114,316 5.96(5.87) 111,404
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Total 114,093 +2.9 114,316 5.96(5.87) 111,404
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PAIMO.Orleu.JSC
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APF Korgau JSC* 20,938 -9.5 20,948 1.09(1.22) 18,895
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Total 20,938 -9.5 20,948 1.09(1.22) 18,895
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PAIMO ZHETYSU JSC
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APF.UlarUmit.JSC 257,399 +3.1 256,411 13.36(13.11) 247,071
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Total 257,399 +3.1 256,411 13.36(13.11) 247,071
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PAIMO Nur-Trust JSC
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OAPF.Atameken.JSC 58,521 -0.5 58,542 3.05(3.10) 57,910
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Total 58,521 -0.5 58,542 3.05(3.10) 57,910
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APF operating as pension assets management companies independently
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APF AMANAT-KAZAKHSTAN JSC 41,923 +2.2 41,995 2.19(2.17) 41,398
APF NefteGas-Dem JSC 63,062 +2.3 63,198 3.29(3.26) 62,963
Eurasian Accumulated 62,957 +2.0 63,106 3.29(3.26) 61,649
pension fund JSC
APF REPUBLIC JSC 46,092 +4.5 46,152 2.40(2.33) 45,703
APF SAPF JSC 302,671 +1.6 303,569 15.81(15.77) 296,447
APF SB JSC Bank TuranAlem
BTA Kazakhstan JSC 200,420 -3.2 199,595 10.40(10.93) 196,108
APF of Halyk
Bank of Kazakhstan JSC
584,122 +2.0 584,835 30.47(30.30) 576,731
APF Kazakhmys 24,339 -1.2 24,323 1.27(1.30) 23,629
OAPF Otan JSC 56,115 +1.2 56,229 2.93(2.93) 55,797
APF Capital JSC 86,262 +2.3 86,380 4.50(4.45) 86,281
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Total 1,467,961 +1.2 1,469,383 76.55(76.69) 1,446,707
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TOTAL pension assets 1,918,913 +1.4 1,919,600 100.00 1,881,987
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* In April, 2009 PAIMO Orleu JSC controlled assets of APF Kograu JSC;
The biggest APF by the end of February 2010 from the viewpoint of net PA volume (in descending order of PA amount): APF National Saving Bank of Kazakhstan JSC, APF SAPF JSC and APF Ular Ymit JSC.
By the volume of the managed assets APF National Savings Bank of Kazakhstan JSC is still leading (30.5% of all PA in management). The second place belongs to APF SAPF JSC (15.8%), the third place- APF Ular Umit JSC (13.4%).
The highest asset growth rate in February, 2010 was recorded in APF REPUBLIC JSC (4.5% in KZT terms). In absolute monetary terms on the biggest amount of asset growth the leader is APF National Saving Bank of Kazakhstan JSC (growth by KZT 10 508,4 m.). The second place by this indicator belongs to APF Ular Umit JSC (by KZT 7 867,3 m.) and the third place belongs to APF SAPF JSC (growth by KZT 4 787,9 m.).
Invested assets by financial instruments as of March 2010 were allocated as follows:
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As at As at As at
01.03.10 01.02.10 01.01.10
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Domestic GS of the Ministry of Finance
and the National Bank:
long-term 33.03 33.16 32.61
short-term 9.76 7.58 7.62
Stocks of foreign issuers
(foreign currencies):
stocks 2.61 2.62 2.72
corporate bonds 8.09 8.17 9.22
Foreign states' securities 0.28 1.17 0.95
Stocks of Kazakhstan companies:
1.91 3.96 3.99
stocks
bonds 10.14 10.54 10.57
Deposits and deposit certificates 25.63 25.46 25.9
in the National bank of Kazakhstan
and the second tier banks:
KZT
foreign currencies 5.40 4.30 4.51
Refined gold 0.43 0.44 0.44
Derivative instruments 0.76 0.43 -
Securities of international financial -0.01 -0.01 0.34
organizations
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Funds on investment accounts
and other assets 1.97 2.18 1.13
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[2010-03-19]