According to AFS, Kazakhstan net pension assets reach KTZ 1,803.0 billion ($ 12.0 billion) as of November 1, 2009
/IRBIS, Dinara Mukasheva, November 25, 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 November 1, 2009 reached KTZ 1,803.0 billion. (or equivalent of $ 11,961.3 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of October 1, 2009 - KTZ 1,754.4 billion or $ 11,624.2 million.
In October, 2009 net assets of accumulative pension funds (APF) grew by 2.8% (by 2.9% in dollar terms) relative to the previous month.
As of the beginning of November 2009, the total sum of pension assets made KZT 1,805.6 bn., of which KZT 1,761.7 bn. were invested. During October 2009, there were four specialized organizations carrying out pension assets investment management activity (PAIMO) and 14 APF. Ten 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, APF NefteGas-Dem JSC, APF REPUBLIC JSC and Eurasian accumulated pension fund JSC which actually were PAIMO as well, pension assets were controlled independently. Share of PA, which was controlled by these funds, totaled 77.0 % out of the entire amount of PA of the republic, by the beginning of November 2009 (as at October 1, 2009 - 77.3 %).
The table below presents volumes of assets of each fund (KZT m., unless otherwise indicated) and distribution of APF assets by PAIMO as of November 1, 2009. Figures in parentheses give the same picture as of October 1, 2009.
------------------------------------------------------------------------------
Total assets
-----------------------
Net % of all PA
pension of
Name of PAIMO / APF assets Trend, % Volume Kazakhstan Invested
------------------------------------------------------------------------------
PAIMO GRANTUM Asset Management JSC
------------------------------------------------------------------------------
GRANTUM APF JSC 104,455 +1.8 104,699 5.80 (5.87) 103,007
------------------------- --------- -------- --------- ------------- ---------
Total 104,455 +1.8 104,699 5.80 (5.87) 103,007
------------------------- --------- -------- --------- ------------- ---------
PAIMO Orleu JSC
------------------------------------------------------------------------------
APF Korgau JSC* 21,702 +1.4 21,712 1.20 (1.22) 21,083
------------------------- --------- -------- --------- ------------- ---------
Total 21,702 +1.4 21,712 1.20 (1.22) 21,083
------------------------- --------- -------- --------- ------------- ---------
PAIMO ZHETYSU JSC
------------------------------------------------------------------------------
APF UlarUmit JSC 235,502 +4.5 234,190 12.97 (12.69) 230,996
------------------------- --------- -------- --------- ------------- ---------
Total 235,502 +4.5 234,190 12.97 (12.69) 230,996
------------------------- --------- -------- --------- ------------- ---------
PAIMO Nur-Trust JSC
------------------------------------------------------------------------------
OAPF Atameken JSC 54,667 +7.5 54,730 3.03 (2.90) 53,397
------------------------- --------- -------- --------- ------------- ---------
Total 54,667 +7.5 54,730 3.03 (2.90) 53,397
------------------------- --------- -------- --------- ------------- ---------
APF, operating as pension assets management companies independently
------------------------------------------------------------------------------
APF AMANAT-KAZAKHSTAN JSC 37,019 +6.5 36,971 2.05 (1.97) 35,926
APF NefteGas-Dem JSC 58,255 +3.5 58,371 3.23 (3.21) 58,048
Eurasian Accumulated 58,956 +2.8 59,091 3.27 (3.27) 58,660
pension fund JSC
APF REPUBLIC JSC 36,982 +12.2 37,033 2.05 (1.88) 36,849
APF SAPF JSC 285,763 +2.0 286,552 15.87 (16.00) 261,590
APF SB JSC Bank TuranAlem
BTA Kazakhstan JSC 210,817 -0.8 210,995 11.69 (12.13) 209,015
APF of Halyk
Bank of Kazakhstan JSC
539,425 +3.4 541,670 30.00 (29.79) 535,418
APF Kazakhmys 26,551 -8.2 26,589 1.47 (1.65) 26,305
OAPF Otan JSC 53,699 +1.2 53,679 2.97 (3.02) 52,198
APF Capital JSC 79,252 +2.9 79,332 4.39 (4.39) 79,216
------------------------- --------- -------- --------- ------------- ---------
Total 1,386,720 +2.4 1,390,283 77.00 (77.32) 1,353,226
------------------------- --------- -------- --------- ------------- ---------
TOTAL pension assets 1,803,045 +2.8 1,805,615 100.00 1,761,709
------------------------------------------------------------------------------
* In April, 2009 PAIMO Orleu JSC controlled assets of APF Kograu JSC;
The biggest APF by the end of November, 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 National Savings Bank of Kazakhstan JSC is still leading (30.0% of all PA in management). The second place belongs to APF SAPF JSC (15.9%), the third place- APF Ular Umit JSC (13.0 %).
The highest asset growth rate in October, 2009 was recorded in APF REPUBLIC JSC (KTZ 12.5 %). In absolute monetary terms on the biggest amount of asset growth the leader is APF National Saving Bank of Kazakhstan JSC (growth by KZT 18,990.0 m.). The second place by this indicator belongs to APF Ular Umit JSC (by KZT 11,477.4 m.), the third place belongs to APF GRANTUM JSC (growth by KZT 5 910,6 m.).
Invested assets by financial instruments as of November 1, 2009 were allocated as follows:
-----------------------------------------------------------------
As at As at As at
01.11.09 01.10.09 01.09.09
-------------------------------------- -------- -------- --------
Domestic GS of the Ministry of Finance
and the National Bank:
long-term 30.87 30.94 30.34
short-term 3.63 3.78 4.12
Stocks of foreign issuers
(foreign currencies):
stocks 2.55 2.58 2.41
corporate bonds 9.19 9.20 9.15
Foreign states' securities 3.36 3.93 3.18
Stocks of Kazakhstan companies:
stocks 11.26 11.1 10.87
bonds 26.69 26.82 26.94
Deposits and deposit certificates
in the National bank of Kazakhstan
and the second tier banks:
KZT 3.52 3.53 3.42
foreign currencies 1.03 1.06 1.07
Refined gold 0.04 - -
Derivative instruments 0.28 0.18 0.21
Securities of international financial
organizations 5.15 5.21 5.14
-------------------------------------- -------- -------- --------
Funds on investment accounts
and other assets 2.43 1.67 3.15
-----------------------------------------------------------------
[2009-11-25]