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

/IRBIS, August 19, 03/ - Financial supervision department of the National Bank of Kazakhstan (Department) has calculated coefficients of real and nominal returns of the country's accumulative pension funds (APF) for July of 2002 - July 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 August 1 of 2002 and August 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 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 Aug 1, 03 Aug 1, 02 ------------------------------- ------------ ----------- --------- --------- State accumulative pension fund (SAPF) CJSC ---------------------------------------------------------------------------- SAPF 4.60(-0.59) 9.93(-1.25) 564.7 530.968 ------------------------------- ------------ ----------- --------- --------- Pension assets management company ABN AMRO Asset Management CJSC ---------------------------------------------------------------------------- КNPF Phillip Morris Kazakhstan 3.21(-0.63) 8.47(-1.29) 5.222 4.913 CJSC APF KAPITAL CJSC 0.27(-0.17) 5.38(-0.78) 11.027 9.726 ABN AMRO-KaspiyMunaiGas APF" 4.18(-0.93) 9.49(-1.61) 157.565 147.093 CJSC ONAPF NefteGas-Dem CJSC 1.95(-0.22) 7.15(-0.84) 54.419 50.476 ---------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC ---------------------------------------------------------------------------- APF YlarYmit CJSC 3.56(-0.61) 8.84(-1.27) 368.498 341.675 APF Kazakhmys CJSC -0.24(-0.30) 4.85(-0.91) 64.719 61.016 ------------------------------- ------------ ----------- --------- --------- Company of Halyk Bank of Kazakhstan on pension assets management CJSC ---------------------------------------------------------------------------- APF of Halyk Bank of Kazakhstan 4.11(-1.30) 9.42(-2.00) 519.108 483.150 CJSC ------------------------------- ------------ ----------- --------- --------- Pension assets management company Ak niyet CJSC ---------------------------------------------------------------------------- PAPF of open type named 0.44(+1.51) 5.56(+0.99) 6.643 6.188 Kunayev D.A. CJSC ------------------------------- ------------ ----------- --------- --------- Pension assets management company BTA Asset Management CJSC ---------------------------------------------------------------------------- NAPF Kazakhstan CJSC 2.72(-0.78) 7.96(-1.44) 61.571 57.133 NOAPF Kurmet CJSC 2.74(-0.79) 7.98(-1.45) 93.540 87.132 ONPF OTAN CJSC 2.64(-0.45) 7.87(-1.10) 31.388 28.269 ---------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ------------------------------- ------------ ----------- --------- --------- NNP Valut-Transit Fund CJSC 2.77(+0.70) 8.01(+0.13) 76.511 69.532 ---------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC APF SENIM CJSC 3.91(+0.73) 9.21(+0.15) 99.682 92.690 APF Korgau CJSC 0.63(+0.66) 5.77(+0.10) 33.256 30.921 ------------------------------- ------------ ----------- --------- --------- Pension assets management company NUR-TRUST CJSC ---------------------------------------------------------------------------- APF Narodniy pensionniy fond 3.48(-0.36) 8.76(-1.00) 43.795 40.508 CJSC ---------------------------------------------------------------------------- Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above for July of 2002 - July of 2003 equaled, according to the Department's data, to 3.39% (4.12% and 3.47% for two previous periods in the reverse chronological order correspondingly). According to the Department's data, while calculating this indicator coefficients of SAPF are not taken into account. 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 105.1 (105.7; 106.1) for 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 negative 4.93% (estimation of IRBIS, tenge has strengthened relative to dollar), 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. [2003-08-19]