Yield of OMIF Treasury is under the management of Centras Securities JSC (Kazakhstan) in Q3 2008 amounted to 6.52 % APR

/IRBIS, Natalya Vaguina, October 28, 08/ - In the third quarter of 2008, return on assets of Open Mutual Investment Fund (OMIF) Treasury (Almaty, NIN - KZPFN0002027), which assets are managed by Centras Securities JSC (Almaty) was 6.52 % APR. This is stated in the investment record management company, files of which IRBIS Agency has. Yield of the Fund's assets in the second quarter of this year made 9.67 % APR. The Fund began operations on January 21, 2005 at a cost of KZT100.0 th .per share. On June 30, 2008, according the administering company, share price grew to KZT153, 715.31. Since the beginning, yield of the Fund Centras Securities JSC is estimated at 12.35 % APR. The structure of the investment portfolio of OMIF Treasury at 30.09.08 was as follows (in parentheses presented data at 30.06.08): - Cash - 20.00 % (4.19 %); - Government securities - 0.00% (0.00%); - Bank deposits - 14.56 % (14.16 %); - shares - 5.14 % (7.71 %); - corporate bonds - 53.21 % (48.22 %); - Money market instruments - 7.09 % (25.72 %). The fund's assets were represented in the national currency (99.04 %) and foreign (0.96 %). The value of net assets OMIF Treasury according to the management company, as on September 30 2008, made KZT291.62 m. (on June 30, 2008 - KZT290.39 m.). The report of the management company says that "In the third quarter because of deterioration of situation on the world credit and stock markets we decreased share stake and increased the net monetary position. Due to possible problems on the monetary market we also reduced repo stake and other instruments o this sector. The major growth of yield cam to corporate bonds. Notwithstanding low yield, Investfunds.kz OMIF Treasury took 1st place on the yield for September and third quarter and the 2nd place since 2008. "Bankruptcy of major financial institutions worldwide, entire escape of investment banks as a class of financial organizations, the threat of actual collapse on bond market with AAA ratings and finally problems of stock brokers on Russian market - all this became the reason of unprecedented sales on share market in the third quarter. Standard & Poor's 500 Index fell by 8.88 %, European free share index Dow Jones Euro Stocks fell by 9.38 % and the major indicator of business activity in Japan - Nikkei 225 Index lost 16.48 %" - is said in the report. In the forth quarter of 2008 Centras Securities JSC expects stable rate of KZT/USD at 120-121 with the possible reduction till 122-123. The major factor that can restrain appreciating of KZT/USD and EUR is economy recession because of fall on real estate market on western capital market revival. "On share market we expect 2 weeks-month revival at the end of October, but we see no restoration of pries. Notwithstanding this, we plan Treasury to remain one of profitable open and interval funds in Kazakhstan" - Centras Securities JSC informed. [2008-10-28]