According to AFS, Kazakhstan net pension assets reach KTZ 1,893.0 billion ($ 12.8 billion) as of February 1, 2010
/IRBIS, March 3, 2010/ - 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 February 1, 2010 reached KTZ 1,893.0 billion. (or equivalent of $ 12,849.7 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of January 1, 2009 is KTZ 1,860.8 billion or $ 12,532.1 million.
In January 2010 net assets of accumulative pension funds (APF) grew by 1.7% (by 2.5 % in dollar terms) relative to the previous month.
As of the beginning of January 2010, the total sum of pension assets made KZT 1,895.2 bn., of which KZT 1,853.7 bn. were invested.
During January 2010, 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 76.7 % out of the entire amount of PA of the republic, by the beginning of February, 2010 (as at January 1, 2009 - 76.8 %).
The table below presents volumes of assets of each fund (KZT m., unless otherwise indicated) and distribution of APF assets by PAIMO as of February 1, 2010. Figures in parentheses give the same picture as of January 2010.
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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 110,924 +2.3 111,160 5.87 (5.83) 109.692
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Total 110,924 +2.3 111,160 5.87 (5.83) 109.692
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PAIMO.Orleu.JSC
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APF Korgau JSC* 23,143 +7.4 23,153 1.22 (1.16) 20.729
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Total 23,143 +7.4 23,153 1.22 (1.16) 20.729
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PAIMO ZHETYSU JSC
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APF.UlarUmit.JSC 249,750 +1.9 248,544 13.11 (13.10) 243.448
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Total 249,750 +1.9 248,544 13.11 (13.10) 243.448
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PAIMO Nur-Trust JSC
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OAPF.Atameken.JSC 58,789 +1.2 58,821 3.10 (3.12) 58.135
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Total 58,789 +1.2 58,821 3.10 (3.12) 58.135
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APF operating as pension assets management companies independently
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APF AMANAT-KAZAKHSTAN JSC 41,030 +2.6 41,101 2.17 (2.15) 40,362
APF NefteGas-Dem JSC 61,633 +1.7 61,764 3.26 (3.26) 58,743
Eurasian Accumulated 61,711 +1.8 61,787 3.26 (3.26) 60,778
pension fund JSC
APF REPUBLIC JSC 44,096 +3.9 44,167 2.33 (2.28) 43,915
APF SAPF JSC 297,933 +1.6 298,781 15.77 (15.77) 291,371
APF SB JSC Bank TuranAlem
BTA Kazakhstan JSC 206,954 -0.4 207,104 10.93 (11.17) 204,119
APF of Halyk
Bank of Kazakhstan JSC
572,696 +2.3 574,326 30.30 (30.13) 560,148
APF Kazakhmys 24,630 -0.4 24,591 1.30 (1.33) 24,077
OAPF Otan JSC 55,445 +0.7 55,503 2.93 (2.96) 54,034
APF Capital JSC 84,283 +1.6 84,396 4.45 (4.46) 84,171
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Total 1,450,410 +1.6 1,453,520 76.69 (76.79) 1,421,716
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TOTAL pension assets 1,893,016 +1.7 1,895,199 100.00 1,853.721
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* In April, 2009 PAIMO Orleu JSC controlled assets of APF Kograu JSC;
The biggest APF by the end of January 2010 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 (30.3% of all PA in management). The second place belongs to APF SAPF JSC (15.8%), the third place- APF Ular Umit JSC (13.1%).
The highest asset growth rate in January, 2009 was recorded in APF REPUBLIC JSC (3.9% in KZT terms). In absolute monetary terms on the biggest amount of asset growth the leader is APF National Saving Bank of Kazakhstan JSC (growth by KZT13,571.3 m.). The second place by this indicator belongs to APF Ular Umit JSC (by KZT5,236.5 m.) and the third place belongs to APF SAPF JSC (growth by KZT4,808.6 m.).
Invested assets by financial instruments as of February 2010 were allocated as follows:
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As at As at As at
01.02.10 01.01.10 01.12.09
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Domestic GS of the Ministry of Finance
and the National Bank:
long-term 33.16 32.61 32.52
short-term 7.58 7.62 5.90
Stocks of foreign issuers
(foreign currencies):
stocks 2.62 2.72 2.56
corporate bonds 8.17 9.22 8.53
Foreign states' securities 1.17 0.95 0.66
Stocks of Kazakhstan companies:
3.96 3.99 5.10
stocks
bonds 10.54 10.57 10.76
Deposits and deposit certificates 25.46 25.9 25.96
in the National bank of Kazakhstan
and the second tier banks:
KZT
foreign currencies 4.30 4.51 4.68
Refined gold 0.44 0.44 0.45
Derivative instruments 0.43 - -
Securities of international financial -0.01 0.34 0.36
organizations
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Funds on investment accounts
and other assets 2.18 1.13 2.52
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[2010-03-03]