Profitability of OUIF Kaznacheystvo (Kazakhstan) under control of Centras Securities JSC (Kazakhstan) in Q4, 2005 - 13.36% APR, since activity start - 13.14% APR

/IRBIS, Andrey Tsalyuk, January 12, 06/ - In the fourth quarter of 2005 profitability of assets of open unit investment fund (OUIF) "Kaznacheystvo" (Almaty, NIN - KZPFN0002027), whose assets are managed by Centras Securities JSC (Almaty), totaled 12.37% APR, fund's investment report for the fourth quarter says (www.centras.kz). Yield of the fund's assets in the second quarter of this year was 13.78% APR, in the third - 13.36% APR. The fund started its activity on January 21 of 2005 while the cost of a stake was KZT100.0 th. As of January 1 of 2006, according to the managing company's data, the fund's cost grew to KZT112,388.71. Since the beginning of activity fund's profitability is estimated by the managing company at 13.14% 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 fourth quarter was 5.7% APR (in the third quarter - 6.00% APR).Weighted average nominal income coefficient on pension assets of Kazakhstan accumulative pension funds (APF) for the third quarter of 2005 - 7.79% APR. Yield of Kazakhstan GS with 12 month term till maturity - 2.2% APR. Structure of investment portfolio of OUIF Kaznacheystvo January 1, 06 was as follows (similar data as of October 1, 05 are given in parethenses): funds - 0.51% (0.00%); government securities - 11.14% (7.24%); bank deposits - 26.73% (29.44%); reverse repo - 9.0% (8.09%); corporate bonds - 24.05% (22.05%); shares - 0.00% (7.92%); money market instruments - 28.57% (25.26%). Assets were represented in both the national currency (64.82%) as well as in foreign (35.18%). Cost of net assets of OUIF Kaznacheystvo according to the managing company's estimate as of January 1 of 2006 totaled KZT188.55 m. (as of October 1 of 2005 - KZT161.27 m.). [2006-01-12]