Incomes coefficient of Kazakhstan pension funds within January of 2002 - January of 2003 according to National Bank's data

/IRBIS, February 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 January of 2002 - January of 2003. 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 February 1 of 2002 and February 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 Feb 1, 03 Feb 1,02 ------------------------------------ ----------- ------------ --------- -------- State accumulative pension fund (SAPF) CJSC -------------------------------------------------------------------------------- SAPF 7.08(-0.61) 14.47(-0.33) 498.699 393.741 ------------------------------------ ----------- ------------ --------- -------- Pension assets management company ABN AMRO Asset Management CJSC -------------------------------------------------------------------------------- КNPF Phillip Morris Kazakhstan CJSC 3.40(-1.12) 10.53(-0.89) 4.337 2.939 ABN AMRO-KaspiyMunaiGas APF" CJSC 4.70(-0.97) 11.92(-0.72) 126.054 83.727 APF KAPITAL CJSC - - 4.220 0 -------------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC -------------------------------------------------------------------------------- APF YlarYmit CJSC 6.22(+0.24) 13.55(+0.58) 305.805 213.277 APF Kazakhmys CJSC 5.06(-0.95) 12.31(-0.70) 58.109 44.139 ONAPF NefteGas-Dem CJSC 5.02(-1.09) 12.27(-0.85) 42.858 27.208 ------------------------------------ ----------- ------------ --------- -------- Company of Halyk Bank of Kazakhstan on pension assets management CJSC -------------------------------------------------------------------------------- APF of Halyk Bank of Kazakhstan CJSC 4.90(-0.83) 12.14(-0.57) 407.316 264.750 ONPF OTAN CJSC 2.79(-0.28) 9.88(+0.01) 17.344 1.323 ------------------------------------ ----------- ------------ --------- -------- Pension assets management company Ak niyet CJSC -------------------------------------------------------------------------------- APF Korgau CJSC 3.26(-1.20) 10.39(-0.97) 25.703 15.542 PAPF named by Kunayev D.A. CJSC 3.82(-1.13) 10.98(-0.89) 5.388 3.528 ------------------------------------ ----------- ------------ --------- -------- Pension assets management company BTA Asset Management CJSC -------------------------------------------------------------------------------- NAPF Kazakhstan CJSC 4.96(-1.30) 12.20(-1.07) 48.388 31.901 NOAPF Kurmet CJSC 4.99(-1.26) 12.24(-1.03) 73.848 45.650 -------------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ------------------------------------ ----------- ------------ --------- -------- NNP Valyut-Transit Fund CJSC 4.43(-1.00) 11.63(-0.75) 51.953 27.421 -------------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC -------------------------------------------------------------------------------- APF SENIM CJSC 5.46(-0.46) 12.74(-0.17) 84.140 61.280 ------------------------------------ ----------- ------------ --------- -------- Pension assets management company NUR-TRUST CJSC -------------------------------------------------------------------------------- APF Narodniy pensionniy fond CJSC 4.07(-1.43) 11.25(-1.21) 33.448 20.671 -------------------------------------------------------------------------------- Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above within January of 2002 - January of 2003 equaled, according to the Department's data, to 5.20% (5.83% and 6.15% within two previous periods in the reverse chronological order correspondingly). Nominal income coefficient (К2), according the Department's methods, 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 106.9 (106.6; 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 1.79% (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 banks' dollar deposits 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. [2003-02-20]