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

/IRBIS, January 20, 03/ - 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 December of 2001 - December 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 January 1 of 2002 and January 1 of 2003. 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 Jan 1, 03 Jan 1, 02 ------------------------------- ----------- ------------ --------- --------- State accumulative pension fund (SAPF) CJSC ---------------------------------------------------------------------------- SAPF 7.69(-0.20) 14.80(+0.33) 486.180 390.999 ------------------------------- ----------- ------------ --------- --------- Pension assets management company ABN AMRO Asset Management CJSC ---------------------------------------------------------------------------- КNPF Phillip Morris Kazakhstan 4.52(-0.53) 11.42(-0.04) 4.166 2.788 CJSC AOZT APF "Narodniy pensionniy 5.50(-0.49) 12.46( 0) 32.541 19.724 fond" ABN AMRO-KaspiyMunaiGas APF" 5.67(-0.56) 12.64(-0.07) 121.508 80.429 CJSC APF KAPITAL CJSC - - 4.009 0 ---------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC ---------------------------------------------------------------------------- APF YlarYmit CJSC 5.98(-0.29) 12.97(+0.21) 297.878 208.430 APF Kazakhmys CJSC 6.02(-0.48) 13.01(+0.02) 56.820 42.970 ONAPF NefteGas-Dem CJSC 6.12(-0.38) 13.12(+0.12) 41.284 26.389 ------------------------------- ----------- ------------ --------- --------- Company of Halyk Bank of Kazakhstan on pension assets management CJSC ---------------------------------------------------------------------------- APF of Halyk Bank of Kazakhstan 5.73(-0.02) 12.71(+0.51) 390.729 259.078 CJSC ONPF OTAN CJSC 3.07(-) 9.87(-) 16.680 0.756 ------------------------------- ----------- ------------ --------- --------- Pension assets management company Ak niyet CJSC ---------------------------------------------------------------------------- APF Korgau CJSC 4.47(-0.76) 11.36(-0.29) 25.155 15.133 PAPF named by Kunayev D.A. CJSC 4.94(-0.84) 11.87(-0.36) 5.274 3.416 ------------------------------- ----------- ------------ --------- --------- Pension assets management company BTA Asset Management CJSC ---------------------------------------------------------------------------- NAPF Kazakhstan CJSC 6.26(-0.59) 13.27(-0.10) 47.123 31.019 NOAPF Kurmet CJSC 6.26(-0.51) 13.27(-0.01) 74.757 43.182 ---------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ------------------------------- ----------- ------------ --------- --------- NNP Valyut-Transit Fond CJSC 5.42(-1.22) 12.38(-0.77) 50.642 26.653 ---------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC ---------------------------------------------------------------------------- APF SENIM CJSC 5.92(-0.42) 12.91(+0.09) 81.882 59.964 ---------------------------------------------------------------------------- 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 December 1, 2001 - December 1, 2002 equaled by the Department's data to 5.83% (6.15% and 6.50% 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 2.46% (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 currency 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 mentioned above coefficients. [2003-01-20]