According to AFS, Kazakhstan net pension assets reach KZT1,536.4 bn. ($10.2 bn.) as of April 1, 2009
17.04.09 17:51
/IRBIS, Dinara Mukasheva, April 17, 2009/ - 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 April 1, 2009 reached KZT1,536.4 bn. (or equivalent of
$10,169.6 m. at the weighted average exchange rate effective on the
mentioned date). Corresponding indicator as of March 1, 2009 - KZT1,499.8
bn. or $9,970.0 m.
In March 2009 net assets of accumulative pension funds (APF) grew by
2.4 % (by 2.0 % in dollar terms) relative to the previous month.
As of the beginning of April 2009, the total sum of pension assets made
KZT1,530.6 bn., of which KZT1,504.9 bn. were invested.
During March 2009, there were four specialized organizations carrying out
pension assets investment management activity (PAIMO) and 14 APF. Nine
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 (former name is OAPF named after Kunaev D.A. JSC),
APF NefteGas-Dem JSC and Eurasian accumulated pension fund JSC
(former name is APF SENIM JSC) which actually were PAIMO as well,
pension assets were controlled independently. Share of PA, which were
controlled by these funds, totaled 76.0 % out of the entire amount of PA of
the republic, by the beginning of April 2009 (as of March 1, 2009 this
indicator was the same).
The table below presents volumes of assets of each fund (KZT m., unless
otherwise indicated) and distribution of APF assets by PAIMO as of April 1,
2009. Figures in parentheses give the same picture as of March 1, 2009.
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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 89,220 +2.4 89,435 5.84 (5.84) 86,683
------------------------- --------- -------- --------- ------------- ---------
Total 89,220 +2.4 89,435 5.84 (5.84) 86,683
------------------------- --------- -------- --------- ------------- ---------
PAIMO RESMI Asset Management JSC
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APF Respublika JSC 13,947 +13.7 13,985 0.91 (0.82) 13,881
------------------------- --------- -------- --------- ------------- ---------
Total 13,947 +13.7 13,985 0.91(0.82) 13,881
------------------------- --------- -------- --------- ------------- ---------
PAIMO ZHETYSU JSC
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APF UlarUmit JSC 211,336 +1.6 204,942 13.39 (13.42) 199,993
APF Korgau JSC 21,996 +1.4 21,654 1.41 (1.43) 19,059
------------------------- --------- -------- --------- ------------- ---------
Total 233,332 +1.6 226,597 14.80 (14.85) 219,052
------------------------- --------- -------- --------- ------------- ---------
PAIMO Nur-Trust JSC
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OAPF Atameken JSC 37,930 +2.1 37,976 2.48 (2.49) 37,388
------------------------- --------- -------- --------- ------------- ---------
Total 37,930 +2.1 37,976 2.48 (2.49) 37,388
------------------------- --------- -------- --------- ------------- ---------
APF, operating as pension assets management companies independently
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APF AMANAT-KAZAKHSTAN JSC 33,327 -0.2 33,223 2.17 (2.25) 32,699
APF NefteGas-Dem JSC 42,404 +2.9 42,459 2.77 (2.76) 41,741
Eurasian Accumulated
pension fund JSC 48,811 +2.5 48,825 3.19 (3.19) 48,528
APF SAPF JSC 264,321 +1.7 264,622 17.29 (17.50) 260,509
APF SB JSC Bank TuranAlem
BTA Kazakhstan JSC 194,946 +2.1 195,054 12.74 (12.81) 194,268
APF of Halyk
Bank of Kazakhstan JSC 446,653 +3.5 447,001 29.20 (28.86) 442,859
APF Kazakhmys 29,047 -0.7 28,937 1.89 (1.95) 28,269
OAPF Otan JSC 43,906 +0.9 43,813 2.86 (2.91) 41,900
JSC APF Capital JSC 58,576 +4.0 58,670 3.83 (3.77) 57,098
------------------------- --------- -------- --------- ------------- ---------
Total 1,161,992 +2.5 1,162,605 75.96 (75.99) 1,147,869
------------------------- --------- -------- --------- ------------- ---------
TOTAL pension assets 1,536,420 +2.4 1,530,598 100.00 1,504,873
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The biggest APF by the end of March, 2009 from the viewpoint of net PA
volume (in descending order of PA amount): APF Halyk Bank of Kazakhstan
JSC, APF SAPF JSC and APF Ular Ymit JSC.
By the volume of the managed assets APF Halyk Bank of Kazakhstan
JSC is still leading (29.2 % of all PA in management). The second place
belongs to APF SAPF JSC (17.3 %); the third place- APF Ular Umit JSC
(13.4 %).
The highest asset growth rate (13.7 % in tenge) in March, 2009 was
recorded in APF REPUBLIC JSC. In absolute monetary terms on the biggest
amount of asset growth the leader is APF Halyk Bank of Kazakhstan JSC
(growth by KZT15,294.6 m.). The second place by this indicator belongs to
APF Ular Umit JSC (by KZT4,137.8 m.), the third place belongs to APF SB
JSC Bank TuranAlem BTA Kazakhstan JSC (growth by KZT3,466.1 m.).
Invested assets by financial instruments as of April 1, 2009 were
allocated as follows (figures in parentheses display data for previous two
months in reverse chronological order, % are given from full PA):
- long-term domestic GS of the Ministry of Finance (KZT) - 23.9 %
(23.4 %; 22.7 %);
- short-term domestic GS of the Ministry of Finance and the National Bank
(KZT) - 4.6 % (4.3 %; 3.9 %);
- stocks of foreign issuers (foreign currencies) - 2.8 % (2.7 %; 2.3 %);
- corporate bonds of foreign issuers (foreign currencies) - 7.8 % (10.5 %;
7.1 %);
- foreign states' securities - 6.8 % (6.6 %; 7.0 %);
- securities of international financial organizations - 3.1 % (0 %, 0 %);
- stocks of Kazakhstan companies - 10.2 % (9.8 %; 10.3 %);
- bonds of Kazakhstan companies - 32.4 % (34.3 %; 35.4 %);
- deposits and deposit certificates in the National bank of Kazakhstan and
the second tier banks (KZT) - 5.8 % (6.6 %; 8.0 %)
- refined gold - 0.2 % (0 %;0 %);
- derivative instruments - 0.1 % (-0.1 %;-0.2 %).
Funds on investment accounts and other assets according to data of AFS as
of April 1, 2009 constituted for 1.7 % (2.0 %; 3.3 %) of the total amount of
PA.
[2009-04-17]