First Kazakh open end mutual fund launched its investing activities

/IRBIS, Natalya Kuznetsova, January 25, 05/ - Centras Securities JSC (Almaty), the manager of Treasury (Kaznacheistvo) open end mutual fund, informed IRBIS it completed the initial offering of the stakes in the fund and beginning on January 24, 2004 the fund launched its investing activities. The corresponding letter has been sent to the Financial Supervision Agency (FSA). The release also states that shares in equity group will be available to investors at net asset value, calculated on a daily basis and verified with the custodian. Initial offering and repurchase of stakes is possible - within three months after the launch of investing activities - at first, seventh, fourteenth and twenty first day of each of three months; - after the expiry of three months from the date of investing activities launch of - each business day. ATFBank JSC (Almaty) acts as bank-custodian for the funds managed by Centras Securities JSC. Central Securities Depository CJSC (Almaty) maintains the register of private investors. As previously informed, the Treasury fund was registered by the FSA on January 25, 2005 and is the first and the only open ended fund in Kazakhstan so far. Stakes hold an identification number of KZPFN0002027. [2005-01-25]