According to the National Bank's data the amount of net pension assets in Kazakhstan is $1,357.8m by the beginning of May of 2002

/IRBIS, May 28, 02/ - According to the data of Department on securities market regulation of the National Bank of Kazakhstan (the Department) amount of the net pension assets (PA) in the country (amounto f pension assets excluding liabilities on the imposed commissions, accounts payable on pension payments) equaled by May 1, 2002 to KZT207,732.1m or $1,357.8m by the weighted average rate determined on this date. Comparable indicator by April 1, 2002 is KZT200,413.6m or $1,315.0m. In April Accumulative pension funds (APF) net assets increased by 3.7% in tenge and by 3.3% - in currency. In March of 2002 assets increased by 3.4% in tenge and by 3.2% - in currency. By the beginning of May of 2002 total sum of PA was KZT207,966.0m, KZT202.627.0m of them were invested. In all within April 2002 seven pension assets management companies (PAMC) and 16 APF were functioning in the country. PAMC Ak niyet CJSC still has no assets in its management. The table below characterizes assets volumes of each fund (KZT mil unless otherwise specified) and assets distribution of APF and PAMC. -------------------------------------------------------------------------------- Total assets ---------- --------- Net pension assets Share in the total Invested Name of PAMC / APF Volume volume, % -------------------------------------------------------------------------------- PAMC ABN AMRO ASSET MANAGEMENT CJSC -------------------------------------------------------------------------------- КAPF Phillip Morris Kazakhstan CJSC 471.14 471.71 0.2 470.63 AOZT APF Narodniy Pensionniy fond 3,579.99 3,587.91 3,591.80 1.7 APF CAPITAL CJSC 80.20 80.23 0.04 76.81 PAF ABN AMRO CJSC- 14,274.53 KaspiyMunai Gas 14,293.48 14,301.40 6.9 ---------------------------------- --------- ---------- --------- ---------- Total 18,432.73 18,445.14 8.9 18,401.96 ---------------------------------- --------- ---------- --------- ---------- PAMC ZHETYSU CJSC -------------------------------------------------------------------------------- APF Ular Ymit CJSC 35,997.75 36,045.96 17.3 35,986.70 AOZT APF Kazakhmys 7,348.73 7,355.75 3.5 7,349.47 ONAPF Nefte-Gas Dem CJSC 4,734.65 4,739.65 2.3 4,731.07 ---------------------------------- --------- ---------- --------- ---------- Total 48,081.12 48,141.37 23.1 48,067.24 ---------------------------------- --------- ---------- --------- ---------- The company of Halyk Bank of Kazakhstan on pension assets management CJSC ---------------------------------- --------- ---------- --------- ---------- APF of Halyk Bank of Kazakhstan CJSC 45,126.35 45,077.91 21.7 44,644.57 OAPF OTAN CJSC 539.01 539.40 0.3 537.83 ---------------------------------- --------- ---------- --------- ---------- Total 45,616.92 45,665.75 22.0 45,182.40 ---------------------------------- --------- ---------- --------- ---------- PAMC BTA Asset Management CJSC -------------------------------------------------------------------------------- NAPF Kazakhstan CJSC 5,483.09 5,490.86 2.6 5,458.02 NOAPF Kurmet CJSC 7,890.10 7,891.30 3.8 7,870.19 ----------------------------------- -------- ---------- --------- ---------- Total 13,373.19 13,382.16 6.4 13,328.22 ----------------------------------- --------- ---------- --------- ---------- AOZT NPAMC Activ-Invest -------------------------------------------------------------------------------- APF Korgau CJSC 2,747.94 2,748.47 1.3 2,693.03 NNP Valyut-tranzit fond CJSC 4,821.32 4,823.38 2.3 4,815.92 NAPF named Kunaev CJSC 586.58 587.20 0.3 579.62 ----------------------------------- -------- ---------- --------- ---------- Total 8,155.84 8,159.04 3.9 8,088.57 ----------------------------------- -------- ---------- --------- ---------- PAMC BESTINVEST CJSC -------------------------------------------------------------------------------- APF SENIM CJSC 10,173.24 10,176.40 4.9 9,821.11 ---------------------------------- --------- ---------- --------- ---------- Total 10,173.24 10,176.40 4.9 9,821.11 ---------------------------------- --------- ---------- --------- ---------- State accumulative pension fund CJSC (SAPF) 63,899.09 63,996.14 30.8 59,737.54 ---------------------------------- --------- ---------- --------- ---------- TOTAL pension assets 207,732.12 207,965.99 100.0 202,627.03 -------------------------------------------------------------------------------- The biggest APF by the end of April: SAPF, APF of Halyk Bank of Kazakhstan CJSC and APF Ular Ymit CJSC By the volume of managed assets SAPF is still the leader at pension market (30% of all PA in management). The second one is still PAMC ZHETYSU (23.1%). On the third place is the Company of Halyk Bank of Kazakhstan on pension assets management (22.0%). NNP Valyut-tranzit fond CJSC has the biggest assets increase in April (5,9% in tenge and 5,5% in currency expression) (excluding APF CAPITAL CJSC and OAPF OTAN CJSC whose assets being the assets of the youngest fund increase very quickly in percentage). In absolute expression APF of Halyk Bank of Kazakhstan CJSC still has the biggest sum of increase (its assets increased within a month by KZT1,806.1m). The second place belongs to APF Ylar Ymit CJSC (increase by KZT1,134.6m). Invested assets on financial instruments distributed the following way (with the purpose of clearness of tendencies in parentheses data for two previous months given in reverse chronological order) - mid- and long0term domestic GS of the Ministry of Finance(KZT) - 13.28% (12.53%; 12.93%); - eurobonds of Kazakhstan independent debt (USD) - 40.08% (40.33%; 41.56%); - short-term GS of the Ministry of Finance and the National Bank (KZT) - 6.74% (6.71%; 5.95%); - bonds of domestic executive bodies of Kazakhstan (USD) - 0.59% (0.60%; 0.62%); - corporate securities of foreign issuers (foreign currencies) - 3.76% (3.63%; 3.63%); - government securities of foreign issuers - 0.41% (0.58%; 0.47%) - securities of international financial organizations (foreign currencies) - 1.92% (3.58%; 3.57%); - Kazakhstan companies' shares - 3.41% (2.77%; 2.85%); - Kazakhstan companies' bonds - 21,61% (21,19%; 20,31%); - Deposits and deposit certificates (KZT) - 4.15% (4.08%; 3.52%); - Deposits and deposit certificates (foreign currencies) - 4.06% (4.00%; 4.59%). As a whole new tendencies of structure changes of aggregated funds portfolio within the researched period did not change relative to the previous one. It just should be noted that the funds chop of bonds of international financial organizations (their share in portfolio was caused mainly by maturity) and increase of investment part into shares and bonds of Kazakhstan companies. The last thing is consequence of high issue activity of these companies within the last three months caused by adaptation to new legislation and aspiration of banks for increasing of their capitalization level by issuing privileged shares. [2002-05-28]