Weighted average nominal income coefficient on pension assets of APF of Kazakhstan (K2) as of November 1, 2008: 12m- 1.01 %; 36m - 24.49 %; 60m - 37.60 %
17.11.08 16:20
/IRBIS, Vitaliy Tomskiy, November 17, 2008/ - The Agency of the Republic
of Kazakhstan for Regulation and Supervision of Financial Market and
Financial Organizations (AFS, or Agency) has calculated the nominal
income coefficient (K2) on pension assets (PA) of accumulative pension
funds (APF) of Kazakhstan as of November 1, 2008 for three periods of
funds' activities - for the last 12, 36 and 60 months (12m, 36m and 60m
respectively).
Below is the table with the coefficient indicators provided by AFS to
Information agency of financial markets IRBIS (Almaty), and also results of
their comparison with comparable data as of October 1, 2008.
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К2 for the period, %:
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12m 36m 60m
Name --------------- ---------------- ----------------
PAIMC or APF indicator trend indicator trend indicator trend
---------------------------- --------- ----- --------- ------ --------- ------
PAIMO GRANTUM Asset
Management JSC
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Grantum APF JSC -0.65 -4.86 12.41 -5.82 25.18 -6.36
---------------------------- --------- ----- --------- ------ --------- ------
PAIMO ZHETYSU JSC
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APF UlarUmit JSC -10.85 -9.88 6.86 -11.56 20.32 -13.08
APF Korgau JSC 8.85 -0.68 26.65 -1.37 40.39 -1.52
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PAIMO Nur-Trust JSC
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APF Atameken JSC 7.49 -1.27 30.69 -1.00 53.26 -0.93
---------------------------- --------- ----- --------- ------ --------- ------
PAIMO Premier Asset
Management JSC
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APF REPUBLIC JSC 12.66 -0.06 Х Х Х Х
---------------------------- --------- ----- --------- ------ --------- ------
APF, independently
managing assets
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APF of Halyk Bank -0,90 -5,04 27,50 -4,36 41,32 -5,50
of Kazakhstan JSC
APF BTA Kazakhstan JSC 8,78 -2,80 68,09 -2,51 95,65 -3,02
APF SAPF JSC 4,23 -0,16 20,87 +0,49 27,07 -0,93
APF Capital JSC 9,21 -0,61 36,49 -1,09 53,62 -2,77
APF Kazakhmys JSC 7,06 -2,59 26,37 -2,56 47,34 -2,88
APF AMANAT-KAZAKHSTAN JSC 5,16 +0,29 30,60 -0,38 47,81 +0,15
---------------------------- --------- ----- --------- ------ --------- ------
APF OilGas-Dem JSC 10,34 -1,95 26,22 -0,30 43,11 -0,29
---------------------------- --------- ----- --------- ------ --------- ------
APF Otan JSC 7,65 -2,39 34,43 -2,37 52,78 -2,84
---------------------------- --------- ----- --------- ------ --------- ------
Eurasian accumulated pension
fund* JSC 7,30 -0,16 20,87 -0,01 37,27 -0,01
---------------------------- --------- ----- --------- ------ --------- ------
Average weighted throughout 1,01 -4,00 24,49 -3,92 37,60 -4,59
the system
---------------------------- --------- ----- --------- ------ --------- ------
Corrected coefficient 32.23 -5.25
---------------------------- --------- ----- --------- ------ --------- ------
Lower bound yield 22.56
---------------------------- --------- ----- --------- ------ --------- ------
For comparison:
Accumulated inflation 13,90 -4,30 42,10 -0,51 64.82 -0.91
rate, %
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* previous name - OAPF SENIM JSC
Nominal income coefficient (К2), according to the AFS's methods, reflects
the profitability of APF assets for the mentioned period calculated by
accruing totals.
According to resolution No. 223 of Board of AFS dated February 23, 07
No. 223 the corrected average weighted coefficient of yield of pension
assets is calculated similarly to simple average weighted coefficient K2, but
at that, the data on the funds, yield of which exceeds 130 % from the value
of average nominal yield coefficient for the corresponding period are
included in calculations, calculated on the current cost of the "net" pension
assets, which were in investment management for 60 and more months.
AFS claims that the corrected average weighted coefficient is calculated
only on the five year basis and this it that should be considered by the funds
and PAIMO when determining execution of the prudential norm "yield of
pension assets".
It also should be noted that according to the same resolution of the Board of
AFS the deviation of coefficient K2 on each separate fund, which pension
assets are in investment management of particular PAIMO, should not be
less than 30 % of the value of corrected coefficient of average nominal
income for the corresponding period.
According to AFS as on November 1, 2008 APF UlarUmit JSC defaulted on
a prudential norm "yield of pension assets".
[2008-11-17]