According to NSC the sum of Kazakhstan's pension founds' net assets at the beginning of October - $397.1 million

/IRBIS, Oct.13, 99/ - According to the National Securities Commission (NSC) sum of net pension assets (PA) in republic (pension assets minus commission compensations charged and accounts payable of pension payments) as of October 01, 1999. has made 56,237.3 million tenges or $397.1 million at the average weighted exchange rate of this date. Comparable parameter for September 01 is 53,128.1 million tenges or $392.2 million. During a month assets have grown by 5.9% in tenges and by 1.2% in dollars. The growth in the previous month was 5.1% in tenges and 2.3% in dollars. Thus, a gradual delay of assets growth is observed. At the beginning of September the complete sum of PA has made 56,408.2 million tenges, from them 55,430.4 million was invested. The share of State Accumulative Pension Found has decreased during a month from 62.9% to 57.4%. In total 6 Pension Assets Managing Companies (PAMC), 14 non-state and one state Accumulative Pension Found worked in the country. Invested assets were distributed among financial tools as follows (in brackets - corresponding parameter on September 01): - internal State Securities of the Ministry of Finance (KZT) - 1.04% (3.97%); - internal State Securities of the Ministry of Finance (USD) - 59.18% (60.13%); - eurobonds of the Kazakhstan sovereign debt (USD) - 33.67% (29.58%); - the National Bank notes (KZT) - 0.89% (2.26%); - the National Bank notes (USD) - 0.66% (2.26%); - bonds of the local executive bodies of Kazakhstan (USD) - 0.09% (0.08%); - non-state securities (KZT) - 0.30% (0.31%); - non-state securities (foreign currencies) - 2.94% (2.40%); - deposits and deposits certificates (KZT) - 0.05% (0.13%); - deposits and deposits certificates (foreign currencies) 1.17% (1.12%). The data shown testify that during a month the structure of the investment portfolios did not change essential. The most expressed tendency is increase of euronotes of Kazakhstan share. PAMC try as much as possible insure risks. Note of IRBIS: the analysis is carried out exclusively on data, given to agency by the National Securities Commission of Kazakhstan.