According to AFS, Kazakhstan net pension assets reach KTZ 1,824.2 billion ($ 12.3 billion) as of December 1, 2009
/IRBIS, December 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 December 1, 2009 reached KTZ 1,824.2 billion. (or equivalent of $ 12,270.2 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of November 1, 2009 is KTZ 1,803.0 billion or $ 11,624.2 million.
In November, 2009 net assets of accumulative pension funds (APF) grew by 1.2% (by 2.6% in dollar terms) relative to the previous month.
As of the beginning of December 2009, the total sum of pension assets made KZT 1,824.9 bn., of which KZT 1,778.8 bn. were invested.
During November 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 December 2009 (as at November 1, 2009 - 77.0 %).
The table below presents volumes of assets of each fund (KZT m., unless otherwise indicated) and distribution of APF assets by PAIMO as of December 1, 2009. Figures in parentheses give the same picture as of November 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 105,837 +1.3 105,893 5.80 (5.80) 104,746
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Total 105,837 +1.3 105,893 5.80 (5.80) 104,746
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PAIMO Orleu JSC
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APF Korgau JSC* 21,511 -0.9 21,521 1.18 (1.20) 20,816
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Total 21,511 -0.9 21,521 1.18 (1.20) 20,816
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PAIMO ZHETYSU JSC
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APF UlarUmit JSC 236,980 +0.6 235,227 12.89 (12.97) 228,595
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Total 236,980 +0.6 235,227 12.89 (12.97) 228,595
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PAIMO Nur-Trust JSC
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OAPF Atameken JSC 56,993 +4.3 57,068 3.13 (3.03) 56,517
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Total 56,993 +4.3 57,068 3.13 (3.03) 56,517
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APF, operating as pension assets management companies independently
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APF AMANAT-KAZAKHSTAN JSC 38,688 +4.5 38,705 2.12 (2.05) 38,605
APF NefteGas-Dem JSC 59,148 +1.5 59,156 3.24 (3.23) 58,698
Eurasian Accumulated 59,578 +1.1 59,574 3.26 (3.27) 58,639
pension fund JSC
APF REPUBLIC JSC 39,754 +7.5 39,808 2.18 (2.05) 39,686
APF SAPF JSC 289,673 +1.4 290,658 15.93 (15.87) 263,485
APF SB JSC Bank TuranAlem
BTA Kazakhstan JSC 208,128 -1.3 208,221 11.41 (11.69) 206,273
APF of Halyk
Bank of Kazakhstan JSC
548,176 +1.6 549,281 30.10 (30.00) 544,628
APF Kazakhmys 24,782 -6.7 24,701 1.35 (1.47) 24,433
OAPF Otan JSC 54,114 +0.8 54,122 2.97 (2.97) 52,811
APF Capital JSC 80,850 +2.0 80,938 4.44 (4.39) 80,896
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Total 1,402,891 +1.2 1,405,164 77.00 (77.00) 1,368,155
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TOTAL pension assets 1,824,212 +1.2 1,824,872 100.00 1,778,829
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* In April, 2009 PAIMO Orleu JSC controlled assets of APF Kograu JSC;
The biggest APF by the end of December 2009 from the viewpoint of net PA volume (in descending order of PA amount): APF National Saving 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 (30.1% of all PA in management). The second place belongs to APF SAPF JSC (15.9%), the third place- APF Ular Umit JSC (12.9 %).
The highest asset growth rate in November, 2009 was recorded in APF REPUBLIC JSC (KTZ 7.5 %). In absolute monetary terms on the biggest amount of asset growth the leader is APF National Saving Bank of Kazakhstan JSC (growth by KZT 7,611.0 m.). The second place by this indicator belongs to APF SAPF JSC (by KZT4,106.2 m.) and the third place belongs to APF Atameken JSC (growth by KZT 2,337.7 m.).
Invested assets by financial instruments as of December 1, 2009 were allocated as follows:
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As at As at As at
01.12.09 01.11.09 01.10.09
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Domestic GS of the Ministry of Finance
and the National Bank:
long-term 32.52 30.87 30.94
short-term 5.90 3.63 3.78
Stocks of foreign issuers
(foreign currencies):
stocks 2.56 2.55 2.58
corporate bonds 8.53 9.19 9.20
Foreign states' securities 0.66 3.36 3.93
Stocks of Kazakhstan companies:
5.10 5.15 5.21
stocks
bonds 10.76 11.26 11.1
Deposits and deposit certificates 25.96 26.69 26.82
in the National bank of Kazakhstan
and the second tier banks:
KZT
foreign currencies 4.68 3.52 3.53
Refined gold 0.45 1.03 1.06
Derivative instruments - 0.04 -
Securities of international financial 0.36 0.28 0.18
organizations
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Funds on investment accounts
and other assets 2.52 2.43 1.67
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[2009-12-25]