Weighted average nominal income coefficient on pension assets of APF of Kazakhstan (K2) as of December 1, 2008: 12m - minus 0.21 %; 36m - plus 23.05 %; 60m - plus 36.18 %
18.12.08 16:33
/IRBIS, Vitaliy Tomskiy, December 18, 08/ - The Agency of the Republic of
Kazakhstan for Regulation and Supervision of Financial Market and
Financial Organizations (AFS, or Agency) calculated the nominal income
coefficient (K2) on pension assets (PA) of accumulative pension funds (APF)
of Kazakhstan as of December 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 November 1, 2008.
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К2 for the period, %:
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12m 36m 60m
Name --------------- --------------- ---------------
PAIMO or APF indicator trend indicator trend indicator trend
---------------------------- --------- ----- --------- ----- --------- -----
PAIMO GRANTUM Asset
Management JSC
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Grantum APF JSC -1.09 -0.44 11.04 -1.37 23.74 -1.44
---------------------------- --------- ----- --------- ----- --------- -----
PAIMO ZHETYSU JSC
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APF UlarUmit JSC -14.64 -3.79 3.92 -2.94 17.37 -2.95
APF Korgau JSC 7.49 -1.36 25.52 -1.13 38.72 -1.67
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PAIMO Nur-Trust JSC
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APF Atameken JSC 6.56 -0.93 29.46 -1.23 51.82 -1.44
---------------------------- --------- ----- --------- ----- --------- -----
PAIMO Premier Asset
Management JSC
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APF REPUBLIC JSC 13.14 +0.48 Х Х Х Х
---------------------------- --------- ----- --------- ----- --------- -----
APF, independently
managing assets
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APF of Halyk Bank
of Kazakhstan JSC -2.72 -1.82 24.31 -3.19 37.96 -3.36
APF BTA Kazakhstan JSC
11.25 +2.47 68.73 +0.64 95.97 +0.32
APF SAPF JSC 4.30 +0.07 21.44 +0.57 27.45 +0.38
APF Capital JSC 7.76 -1.45 35.01 -1.48 51.97 -1.65
APF Kazakhmys JSC 4.33 -2.73 24.28 -2.09 45.50 -1.84
APF AMANAT-KAZAKHSTAN JSC 7.81 +2.65 31.89 +1.29 49.73 +1.92
---------------------------- --------- ----- --------- ----- --------- -----
APF OilGas-Dem JSC 7.97 -2.37 25.18 -1.04 41.98 -1.13
---------------------------- --------- ----- --------- ----- --------- -----
APF Otan JSC 4.86 -2.79 32.22 -2.21 50.50 -2.28
---------------------------- --------- ----- --------- ----- --------- -----
Eurasian accumulated pension
fund JSC 5.90 -1.40 19.43 -1.44 36.04 -1.23
---------------------------- --------- ----- --------- ----- --------- -----
Average weighted throughout -0.21 -1.22 23.05 -1.44 36.18 -1.42
the system
---------------------------- --------- ----- --------- ----- --------- -----
Corrected coefficient 29.77 -2.46
---------------------------- --------- ----- --------- ----- --------- -----
Lower bound yield 20.84
---------------------------- --------- ----- --------- ----- --------- -----
For comparison:
Accumulated inflation
rate, % 11.30 -2.60 41.76 -0.34 62.76 -2.06
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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 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 December 1, 2008 APF UlarUmit JSC defaulted on
a prudential norm "yield of pension assets". As on November 1, 2008 the
same pension fund also defaulted on this norm.
[2008-12-18]