Profitability of OUIF Kaznacheystvo (Kazakhstan) in Q3 totaled 13.36% APR

/IRBIS, Assel Omarova, October 18, 05/ - In the third quarter of 2005 profitability of assets of open unit investment fund (OUIF) "Kaznacheystvo" (Almaty, NIN - KZPFN0002027), whose managing company is Centras Securities JSC (Almaty), totaled 13.36% APR. Fund's investment report for the third quarter presented to IRBIS says (published at www.centras.kz). Yield of the fund's assets in the second quarter of this year was 13.78% APR. The fund started its activity on January 21 of 2005 while the cost of a stake was KZT100.0 th. As of September 30 of this year the cost grew to KZT108,989.54, whereas by the end of the 2nd quarter it was KZT105,437.80. Since the beginning of activity fund's profitability is estimated by the managing company at 13.02% APR. For confirmation of assets management efficiency Centras Securities JSC gives comparable data. For example, average yield on six-month tenge deposits of five leading Kazakhstan banks in the third quarter was 6.00% APR (in the second quarter - 6.00% APR), weighted average nominal income coefficient on pension assets of Kazakhstan accumulative pension funds (APF) for the second quarter of 2005 - 6.08% APR, yield of Kazakhstan GS with 12 month term till maturity - 2.56% APR (in the second quarter - 2.47%). Structure of investment portfolio of OUIF Kaznacheystvo as of October 1, 05 was as follows: funds - 0.00%; government securities - 7.24%; bank deposits - 29.44%; reverse repo - 8.09%; corporate bonds - 22.05%; shares - 7.92%; money market instruments - 25.26%. Assets were represented in the national currency (62.66%) as well as in foreign (37.34%). In the second quarter of this year all assets were represented as follows: funds - 0.30%; bank deposits - 46.02%; corporate bonds - 11.93%; shares - 15.05%; money market instruments - 26.70%. Assets were represented in the national currency (73.02%), as well as in foreign (26.98%) Cost of net assets of OUIF Kaznacheystvo according to the managing company's estimate as of October 1 of 2005 totaled KZT161.27 m. (as of June 30 of 2005 - KZT90.505 m.). [2005-10-18]