NSC of Kazakhstan has calculated income ratios of APF for June 2000 - June 2001
16.07.01 00:00
/IRBIS, July 16, 01/ - The National Securities Commission of Kazakhstan
(NSC) has calculated ratios of real and nominal incomes of accumulative
pension funds (APF) of the country for June 2000 - June 2001.
The data are presented in the following table. When compiling the table the
agency IRBIS included the information of NSC on volumes of net assets of
APF (total pension assets less liabilities on charged commissions, accounts
payable on pensions) as of July 1, 2000 and July 1, 2001. Assets have been
converted into U.S. dollars at official rate of the National Bank, effective on
given dates. The assets of ABN AMRO-KaspiiMunaiGas APF were given as
the total of assets of merged funds as of July 1, 2001. In parentheses are the
differences between comparable figure of previous month.
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Net assets, mln USD
Ratio of Ratio of -------------------
real nominal As of As of
Title of PAMC or APF income К3 income К2 June.1.00 June.1.01
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State Accumulative Pension Fund CJSC
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State Accumulative Pension Fund CJSC 5.14 14.60
(+0.63) (-0.04) 275.306 339.633
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Pension Assets Management Company ABN AMRO Asset Management CJSC
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KNPF Philip Morris Kazakhstan CJSC - - - 1.248
APF Halyk pension fund JSCOT 8.70(+1.81) 18.48(+1.22) 9.123 14.478
APF ABN AMRO-KaspiiMunaiGas CJSC 5.44(+1.09) 14.93(+0.46) 19.226 61.932
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Pension Assets Management Company Jetysu CJSC
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Open APF Ular CJSC 5.79(+0.44) 15.31(-0.25) 45.820 79.794
APF Kazakhmys CJSC 6.43(+0.43) 16.01(-0.28) 23.629 36.881
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Pension Assets Management Company Halyk Bank Kazakhstan CJSC
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APF Halyk Bank of Kazakhstan CJSC 6.81(+0.67) 16.42(-0.01) 109.038 203.353
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Pension Assets Management Company Ak niet CJSC
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APF UMIT CJSC 8.17(+0.45) 17.91(-0.27) 40.764 85.629
Nefte-Gas-Dem OPAPF CJSC 8.08(+0.71) 17.81(+0.02) 11.419 20.924
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Pension Assets Management Company BTA Asset Management CJSC
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PAPF Kazakhstan CJSC 7.60(+1.03) 17.28(+0.38) 13.211 24.669
OPAPF Kurmet CJSC 6.71(+1.07) 16.31(+0.43) 10.473 33.408
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Non-state Pension Assets Management Company Aktiv-Invest CJSC
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PAPF Valut-Transit Fond CJSC 8.06(+1.40) 17.78(+0.78) 7.571 19.028
PAPF Kunayev CJSC 7.06(+0.99) 16.69(+0.34) 2.093 2.953
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Pension Assets Management Company BESTINVEST CJSC
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PAPF SENIM CJSC 6.38(+0.79) 15.95(+0.12) 26.648 48.723
PAPF Korgau CJSC - - 1.264 9.872
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Only those funds, whose assets were under constant management of
indicated PAMC throughout the reporting period, are shown in the
table. Comparison of data on other APF, whose assets were under the
management for incomplete period, will be inaccurate.
The absence of real and nominal income figures for pension assets of
Private accumulative pension fund Nefte-Gas-Dem CJSC and Accumulative
pension fund Korgau CJSC is due to the fact that during this period the
assets of these pension funds were being transferred from one company's
investment management to another company. As for NefteGas Dem PAPF
CJSC IRBIS displays data in the table calculated and submitted by this
fund.
Weighted average ratio of real income for pension assets of the
accumulative pension funds mentioned above for June 2000 - June 2001
equaled 6.81 (6.10). IRBIS agency resulted 6.85 on the basis of data of
NefteGas Dem PAPF CJSC.
Ratio of nominal income (K2), by the method of NSC, reflects the
profitability of APF assets calculated by accruing totals.
Ratio of real income (K3) - NSC estimate of the profitability of the assets,
including consumer price index (CPI) in Kazakhstan, which equaled 109.0
(109.7) by the data of NSC.
Devaluation of national currency, that reached 2.76% (IRBIS estimates) by
weighted average rate of tenge towards dollar of the Exchange, does not
take into consideration K3. Actually, assets of the depositors are protected
against devaluation by investing them into securities indexed by the change
in exchange rate of tenge against the dollar, into currency bonds and
currency deposits of the banks.
Important note: the agency IRBIS is not responsible for the accuracy of the
data presented by NSC, as well as for the accuracy of calculation methods
used for the ratios mentioned above.