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

/IRBIS, December 19, 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 November of 2001 - November of 2002. Data is presented in the table below. While compiling the table IRBIS agency used information of the National bank on net assets volume of APF (the sum of pension assets excluding liabilities on imposed commission fees, accounts payable on pension payments) as of December 1 of 2001 and December 1 of 2002. Assets have been converted into US dollars at the official National Bank's rate of exchange, which was in effect on the mentioned dates. In parentheses the difference with comparable indicator of one month's prescription is given. --------------------------------------------------------------------------------- Net assets, Coefficient Coefficient m USD Name of of real of nominal As of As of PAMC or APF income k3 income k2 Dec 1, 02 Dec 1, 01 ------------------------------------ ----------- ------------ --------- --------- State accumulative pension fund (SAPF) CJSC --------------------------------------------------------------------------------- SAPF 7.89(-1.15) 14.47(-1.12) 475.557 380.684 ------------------------------------ ----------- ------------ --------- --------- Pension assets management company ABN AMRO Asset Management CJSC --------------------------------------------------------------------------------- КNPF Phillip Morris Kazakhstan CJSC 5.05(-0.28) 11.46(-0.19) 4.111 2.709 AOZT APF "Narodniy pensionniy fond" 5.99(-0.43) 12.46(-0.35) 30.999 18.422 ABN AMRO-KaspiyMunaiGas APF" CJSC 6.23(-0.39) 12.71(-0.31) 117.891 78.025 APF KAPITAL CJSC - - 3.198 0 --------------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC --------------------------------------------------------------------------------- APF YlarYmit CJSC 6.27(-0.46) 12.76(-0.37) 284.760 199.964 APF Kazakhmys CJSC 6.50(-0.50) 12.99(-0.43) 55.705 42.084 ONAPF NefteGas-Dem CJSC 6.50(-0.46) 13.00(-0.37) 39.497 25.158 ------------------------------------ ----------- ------------ --------- --------- Company of Halyk Bank of Kazakhstan on pension assets management CJSC --------------------------------------------------------------------------------- APF of Halyk Bank of Kazakhstan CJSC 5.75(-0.26) 12.20(-0.17) 376.437 250.319 ONPF OTAN CJSC - - 14.269 0.008 ------------------------------------ ----------- ------------ --------- --------- Pension assets management company Ak niyet CJSC --------------------------------------------------------------------------------- APF Korgau CJSC 5.23(-0.71) 11.65(-0.65) 23.744 13.881 PAPF named by Kunayev D.A. CJSC 5.78(-0.47) 12.23(-0.40) 5.003 3.298 ------------------------------------ ----------- ------------ --------- --------- Pension assets management company BTA Asset Management CJSC --------------------------------------------------------------------------------- NAPF Kazakhstan CJSC 6.85(-0.07) 13.37(+0.03) 45.588 29.911 NOAPF Kurmet CJSC 6.77(+0.03) 13.28(+0.14) 68.639 41.887 --------------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ------------------------------------ ----------- ------------ --------- --------- NNP Valyut-Transit Fond CJSC 6.64(-0.43) 13.15(-0.34) 47.506 25.083 --------------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC --------------------------------------------------------------------------------- APF SENIM CJSC 6.34(-0.34) 12.82(-0.26) 79.643 58.306 --------------------------------------------------------------------------------- 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 November 1, 2001 - November 1, 2002 equaled by the Department's data to 6.15% (6.50% and 6.69% 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 106.1 (106.0; 106.1) 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 3.98% (estimation of IRBIS), does not take into account К3. De-facto, investors' assets are protected from devaluation during management by making investing 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. [2002-12-19]