Incomes coefficient of Kazakhstan pension funds within July of 2001 - July of 2002 according to National Bank's data

/IRBIS, August 20, 02/ - Department on securities market regulation of the National Bank of Kazakhstan (Department) calculated coefficients of real and nominal returns of accumulative pension funds (APF) of the country within July of 2001 - July of 2002. Data are presented in the table below. While compiling the table IRBIS agency used information of the Department and the National Securities Commission of Kazakhstan on net assets volume of APF (pension assets sum excluding liabilities on imposed commission fees, accounts payable on pension payments) by August 1, 2001 and August 1, 2002. Assets have been converted into US dollars by the official exchange rate of the National Bank which are in effect on the dates mentioned above. In parentheses the difference with comparable indicator of one month's prescription is given. ------------------------------------------------------------------------------- Net assets, USD mil Coefficient Coefficient ----------------- Name of of real of nominal As of As of PAMC or APF income k3 income k2 Jun.1,02 Jun.1,01 ------------------------------------ ----------- ------------ -------- -------- State accumulative pension fund (SAPF) CJSC ------------------------------------------------------------------------------- SAPF 9.36(-0.63) 16.47(+0.10) 442.838 346.930 ------------------------------------ ----------- ------------ -------- -------- Pension assets management company ABN AMRO Asset Management CJSC ------------------------------------------------------------------------------- КNPF Phillip Morris Kazakhstan CJSC 4.66(-0.47) 11.46(+0.23) 3.506 1.878 AOZT APF "Narodniy pensionniy fond" 6.60(-0.91) 13.53(-0.22) 27.031 15.105 ABN AMRO-KaspiyMunaiGas APF" CJSC 6.86(-0.72) 13.81(-0.01) 104.069 64.845 APF KAPITAL CJSC - - 1.514 - ------------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC ------------------------------------------------------------------------------- APF YlarYmit CJSC 6.26(-0.94) 13.17(-0.25) 257.457 173.264 APF Kazakhmys CJSC 6.45(-1.16) 13.37(-0.48) 51.106 38.005 ONAPF NefteGas-Dem CJSC 7.49(-0.68) 14.47(+0.03) 34.794 21.758 ------------------------------------ ----------- ------------ -------- -------- Company of Halyk Bank of Kazakhstan on pension assets management CJSC ------------------------------------------------------------------------------- APF of Halyk Bank of Kazakhstan CJSC 6.44(-0.18) 13.35(+0.54) 327.520 213.210 ONPF OTAN CJSC - - 8.103 - ------------------------------------ ----------- ------------ -------- -------- Pension assets management company Ak niyet CJSC ------------------------------------------------------------------------------- PAPF named by Kunayev D.A. CJSC 6.58(-1.06) 13.51(-0.37) 4.381 3.048 ------------------------------------ ----------- ------------ -------- -------- Pension assets management company BTA Asset Management CJSC ------------------------------------------------------------------------------- NAPF Kazakhstan CJSC 7.04(-0.72) 14.00(-0.01) 39.709 25.659 NOAPF Kurmet CJSC 6.91(-0.82) 13.86(-0.12) 58.560 35.202 ------------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ------------------------------------ ----------- ------------ -------- -------- NNP Valyut-Transit Fond CJSC 6.74(-0.60) 13.68(+0.11) 37.862 20.425 APF Korgau CJSC 7.32(-0.95) 14.29(-0.26) 20.572 11.006 ------------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC ------------------------------------------------------------------------------- APF SENIM CJSC 7.23(-0.71) 14.20( 0) 72.445 50.899 ------------------------------------------------------------------------------- Notes: Only the funds whose assets were constantly controlled by the mentioned PAMC within the whole reporting period have been included into the table. Comparison of the data with other APF whose assets were not under control within the whole period will be incorrect. Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above within July 1, 2001 - July 1, 2002 equaled by the Department's data to 6.60% (8.19% and 8.82% within two previous periods in the reverse chronological order correspondingly). Nominal income coefficient (К2), by the method of the Department, reflects the profitability of APF assets calculated by accruing totals. Real income coefficient (К3) - the department's estimation of assets yield including index of consumer prices in Kazakhstan which equaled according to the National Bank's data to 106.5 (105.8; 105.4) within the period. Devaluation of the national currency that is estimated in this period by the stock exchange's weighted average rate of KZT to USD at 4.87% (estimation of IRBIS), does not take into account К3. De-facto, investors' assets are protected from devaluation during management by making investments into securities indexed by changing the exchange's rate of KZT to USD, currency securities and into deposits of banks as well. Note: agency IRBIS is not responsible for the accuracy of the data given to the agency as well as for calculation methods correctness of the coefficients mentioned above. [2002-08-20]