Dynamics of conditional pension unit of Kazakhstani APF in year 2001 on the basis of complete data for nine months
/IRBIS, Oct 28, 01/ - IRBIS agency continues data publication of information provided by the Accumulative Pension Funds Regulation Committee of the Ministry of Labor and Social Protection of Kazakhstan (Committee).
The following table contains values for conditional pension units (CPU) of accumulative pension funds' assets as of October 1, 2001 and also dynamics of this indicator in different periods of funds' activity (calculated by IRBIS). Funds have been sorted according to their activity starting date on the market. Trends are given in percents relative to the data on September 1, 2001. The data on UMIT CJSC is given as of September 1, 2001 as the last ones that were fixed on its activity.
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CPU change in % APR
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Data Meaning from the beginning of: during last:
of of CPU ------------------------ -------------------------
Title activity on activity 2000 2001 six three one
of fund start Oct 01.01 months months month
------- ----------- --------- -------- ------- ------- ------- -------- --------
SPAF Jan 15. 98 220.8862 32.56 15.26 12.83 12.58 12.52 12.92
(+1.06) (-0.30) (+0.30) (+1.15) (+4.03) (-0.71) (-1.84)
------- ----------- --------- -------- ------- ------- ------- -------- --------
HBK Feb 24. 98 252.5029 42.33 17.19 14.30 11.17 11.38 12.07
(+0.99) (-0.67) (-0.47) (-0.91) (-4.23) (+3.71) (+2.67)
------- ----------- --------- -------- ------- ------- ------- -------- --------
Umit Mar 13. 98 246.1385 42.07 25.06 15.39 13.95 10.74 10.53
- - - - - - -
------- ----------- --------- -------- ------- ------- ------- -------- --------
VTF Mar 20. 98 240.3469 39.68 17.92 13.19 12.91 10.91 10.77
(+0.89) (-0.83) (-1.06) (-1.35) (-8.24) (-2.38) (+9.24)
------- ----------- --------- -------- ------- ------- ------- -------- --------
HPF Mar 22. 98 256.9934 44.46 18.07 15.11 15.36 10.96 11.88
(+0.98) (-0.76) (-0.70) (-1.62) (-1.09) (-14.72) (+8.70)
------- ----------- --------- -------- ------- ------- ------- -------- --------
Kunaev Mar 24. 98 226.4559 35.86 18.65 14.74 14.28 12.08 12.01
(+0.99) (-0.59) (-0.75) (-1.27) (+0.16) (-9.90) (+14.27)
------- ----------- --------- -------- ------- ------- ------- -------- --------
Kazmys Apr 19. 98 259.6739 46.22 18.17 14.86 14.18 12.99 11.90
(+0.98) (-0.82) (-0.71) (-1.44) (-2.43) (-11.21) (-16.39)
------- ----------- --------- -------- ------- ------- ------- -------- --------
UlUm Apr 20. 98 253.2249 44.39 16.79 13.94 13.28 14.60 11.88
(+0.98) (-0.80) (-0.46) (-0.84) (-0.83) (+11.31) (-35.61)
------- ----------- --------- -------- ------- ------- ------- -------- --------
Kaz-n Apr 28. 98 241.7635 41.33 17.87 15.88 14.46 12.22 13.21
(+1.09) (-0.57) (-0.19) (-0.97) (+1.22) (-12.32) (-0.54)
------- ----------- --------- -------- ------- ------- ------- -------- --------
NGD June 07.98 246.4158 44.09 17.79 16.17 11.76 12.03 14.48
(+1.19) (-0.51) (+0.27) (-0.10) (+7.17) (+9.29) (+34.56)
------- ----------- --------- -------- ------- ------- ------- -------- --------
Kurmet Jan 01. 99 203.9008 37.77 17.11 16.08 13.93 12.89 14.04
(+1.15) (-0.77) (+0.27) (-0.41) (-1.38) (-6.82) (+0.12)
------- ----------- --------- -------- ------- ------- ------- -------- --------
ААКMG Mar 03. 99 175.5094 29.23 16.27 14.55 13.93 12.48 15.38
(+1.26) (-0.29) (+0.99) (+1.98) (+2.42) (+3.42) (+39.33)
------- ----------- --------- -------- ------- ------- ------- -------- --------
SENIM July 20. 99 136.7769 16.70 17.58 15.20 15.11 15.83 11.90
(+0.98) (-0.14) (0.61) (-1.66) (+1.25) (-5.62) (-40.32)
------- ----------- --------- -------- ------- ------- ------- -------- --------
Korgau Dec 01. 99 127.1949 14.82 15.41 15.60 14.11 16.04 11.31
(+0.93) (-0.18) (-0.38) (-2.39) (-7.92) (-2.11) (-49.17)
------- ----------- --------- -------- ------- ------- ------- -------- --------
PMK Apr 07. 01 103.3993 7.01 - - - 8.60 9.90
(+0.81) (+10.07) - - - (+5.08) (+23.21)
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CPU - is one of the main indicators of a fund's profitability. When APF is first established, it is equal to KZT100. It is a beginning value of CPU for any APF. Later, after making certain profitable investments by the fund, all accrued investment income is divided into the number of CPU of the fund and in compliance with approved calculation methods it increases its value. Therefore, each depositor of the fund, who owns a certain amount of CPU, receives his/her proportional investment income growth on his/her pension deposits.
Effectiveness of the APF activities (to be exact those of PAMC) should be assessed not on the basis of CPU absolute value, but its growth rate, since in absolute value of the CPU depends on the life of the fund. That is why IRBIS agency operates speed change of CPU of different periods reflected in % APR in the table. Each period indicator is the difference of first and last CPU values referred to the primary value reflected in % then divided into number of days in period and multiplied by 365. IRBIS specialists think that resulted indicator may be considered nominal revenue of fund's assets in period for investor (without adjustment to inflation).
The following detailed table enables to observe dynamics of above described change indicator of CPU (% APR) in monthly sector during 2001.The data have been sorted alphabetically.
------------------------------------------------------------- Fund Jan Feb March April May June July August Sept ------ ----- ----- ----- ----- ----- ----- ----- ------ ----- ААКMG 18.42 11.68 13.46 11.48 18.50 14.14 10.75 11.04 15.38 VTF 13.97 6.44 17.34 12.24 19.14 11.57 11.82 9.86 10.77 SPAF 13.66 13.62 10.14 10.19 12.97 13.19 11.10 13.16 12.92 Kazmys 17.96 12.80 13.92 14.11 13.30 16.82 12.37 14.24 11.90 Kaz-n 13.02 27.55 12.25 15.96 13.78 18.38 9.83 13.29 13.21 Korgau 17.21 16.01 18.16 9.99 12.37 12.33 13.82 22.24 11.31 Kunaev 19.10 12.14 11.94 15.44 15.98 16.00 13.35 10.51 12.01 Kurmet 12.46 30.02 15.11 13.61 12.61 16.87 10.23 14.02 14.04 HBK 26.00 16.75 14.83 9.28 11.55 10.85 10.00 11.76 12.07 NGD 14.72 47.84 9.91 10.07 11.68 11.39 10.59 10.76 14.48 PAF 15.50 11.61 12.90 10.29 28.84 17.58 9.81 10.93 11.88 SENIM 15.64 16.04 10.93 10.37 15.89 14.70 14.93 19.93 11.90 UlUm 16.61 13.22 12.52 14.13 12.66 7.44 12.89 18.44 11.88 Umit 16.51 20.53 13.64 24.75 11.38 11.31 10.10 10.53 - PMK - - - - 3.12 8.64 7.74 8.03 9.90 -------------------------------------------------------------
For simplicity, following abbreviations have been used in the table: Umit - APF Umit CJSC; VTF - PAPF Valut-tranzit fund CJSC; Kunaev - PAPFOT after Kunaev CJSC; HPF - OAPF Halyk Pension Fund CJSC; Kaz-n - PAPF Kazakhstan CJSC; HBK - APF Halyk Bank of Kazakhstan; Kazmys - APF Kazakhmys CJSC; UlUm - up to Oct 10,01 OAPF Ular CJSC, on October 1 - OAPF UlarUmit CJSC; NGD - PAPF NefteGas-Dem; Kurmet - POAPF Kurmet; AAKMG - APF ABN AMRO - KaspiiMunaiGas CJSC; SENIM - OAPF SENIM CJSC; Korgau - APF Korgau CJSC; PMK - KAPF Philip Morris Kazakhstan CJSC; SAPF - State Accumulative Pension Fund CJSC; "-" - the data is absent because of no fund activity.
The information is published as of being valuable for all participants of Kazakhstan pension reform. Taking into account sharp reaction of companies managing pension assets (PAMC) and PAF on previous publications of IRBIS of this theme, specialists of agency do not comment on data given in tables.