According to NSC, in Kazakhstan total amount of net pension assets in early June - $579.6 mln

/IRBIS, June 15, 00/ - According to National securities commission of Kazakhstan (NSC), total amount of net pension assets (PA) in the republic (total amount of pension assets minus accrued interests and accounts payable on pension payments) as of June 1, 2000 equaled KZT82,582.6 mln or $579.6 mln at weighted average rate of the Exchange, effective on that date. A comparable figure for May 1, 2000 was KZT78,658.9 mln or $553.9 mln. In one month the assets of AP grew by 4.9% in terms of tenge, and by 4.6% - in currency terms. In May the assets grew 5.0% in terms of tenge, and 4.9% in terms of currency. As of early June total amount of PA has amounted to KZT82,707.1 mln, of which KZT82,119.9 mln have been invested. Total of seven PAMC, 15 private and one state APF are working in the country. The number of PAMC and the funds did not change during the month. The proportion of SAPF assets decreased from 47.4 to 46.7% within a month. The largest PAPF at the end of May are: CJSC "APF of Halyk Savings Bank of Kazakhstan" (17.73% of all assets) and CJSC "ONPF Ular" (7.26%). The leaders in this category are still the same. PAMC of Halyk Savings Bank of Kazakhstan is leading by the volume of managed assets among Private APF (17.88% of all PA), PAMC "ZHETYSU" is the second in the list (11.18%). The order has not changed here also. CJSC "APF "Korgau " had the greatest assets growth rates (36.2% in tenge and 35.8% in currency) in April. The company has been the leader in this category for four month already. The least growth rate was incident to SAPF. Last month the order was the same. Invested assets were distributed among financial instruments as follows (in parentheses - comparable figures as of May 1, 2000): - domestic SS of the Ministry of finance (KZT) - 4.50% (4.01%); - domestic SS of the Ministry of finance (USD) - 6.25% (47.17%); - eurobonds of the sovereign debt of Kazakhstan (USD) - 81.85% (42.27%); - notes of National Bank (KZT) - 0.94% (0.40%); - municipal bonds of local executive bodies of Kazakhstan (USD) - 0.54% (0.54%); - private issue securities (KZT) - 0.71% (0.73%); - private issue securities (foreign currency) - 3.06% (3.30%); - deposits and certificates of deposit (KZT) - 0.51% (0.29%); - deposits and certificates of deposit (foreign currency) - 1.64% (1.28%). The most significant changes in the structure of investments, registered by given data, took place as a result of an exchange of AVMEKAM into the fourth issue of euronotes of Kazakhstan. Thanks to this conversion the proportion of euronotes in the portfolio of APF almost doubled, whereas the proportion of domestic SS of the Ministry of finance, denominated in U.S. dollar, decreased seven times. Comments from IRBIS: the analysis has been made solely based on the data granted by NSC of Kazakhstan. The agency IRBIS is not liable for authenticity of the information presented by NSC.