Profitability of OMIF Kaznacheystvo under control of Centras Securities JSC (Kazakhstan) in Q4, 2006 - 17.15% APR, in year 2006 - 16.57%, since start of activity - 15.96% APR

/IRBIS, Valeriy Khegay, January 16, 07/ - In the fourth quarter of 2006 profitability of assets of open mutual investment fund (OMIF) "Kaznacheystvo" (Almaty, NIN - KZPFN0002027), whose assets are managed by Centras Securities JSC (Almaty), totaled 17.15% APR, the fund's investment report given to IRBIS agency says. Earnings yield of fund's assets in the first quarter of the current year was 8.55% APR, in the second - 6.77% APR, in the third - 30.21% APR. The fund started its activity on January 21 of 2005 while fund cost was KZT100.0 th. As of December 31 of 2006, according to the managing company's data, fund cost grew to KZT131,011.41. Since the beginning of activity the fund's profitability has been estimated by Centras Securities JSC at 15.96% APR. Structure of investment portfolio of OMIF Kaznacheystvo as of January 1, 07 was as follows (similar data complied as of October 1, 06 are given in parentheses): - funds - 6.56% (0.41%); - governmental securities - 3.99% (4.64%); - bank deposits - 43.34% (50.13%); - corporate bonds and shares - 25.00% (32.78%); - money market instruments - 21.11% (12.05%). Assets were represented in both the national currency (87.09%) as well as in foreign currency (12.91%). Cost of net assets of OMIF Kaznacheystvo according to the managing company's estimate as of January 1, 2007 totaled KZT285.94 m. (as of October 1 of 2006 - KZT241.83 m.). "As we had supposed earlier, operations with shares let to show the yield, much exceeding the yield standard for funds of corporate strategy. In the fourth quarter we continued to make operations with Kazakhstan shares, both on the internal and external market. Except this, to the fund at first were purchased the shares of big foreign companies with high ratings. The main growth in the yield had come to shares of banking, energy, and telecommunication sectors", - is said in the report of managing company. According to information given in the report, in year 2007 Centras Securities JSC expects the sufficient strengthening of tenge relative to dollar due to preservation of main factors: relative to high prices for oil and other exporting raw materials, high rates of growth of economy of Kazakhstan, inflow of foreign investments and attraction of foreign capitals by the local companies. By the opinion of managing company the strengthening of tenge against dollar will help the significant growth of quotations of Kazakhstan shares and bonds in year 2007. [2007-01-16]