A detailed report on the management of pension assets is available on the website enpf.kz
Almaty, Kazakhstan – As of January 1, 2020, the pension assets of the UAPF held in trust by the National Bank of the Republic of Kazakhstan amounted to KZT 10,798.31 billion.
Detailed information on investment activities for the management of pension assets portfolio is available on the official website of the UAPF in the section "Indicators"-"Investment activity"
https://www.enpf.kz/upload/medialibrary/537/537c3ac3e7b78cde3f0b15da304e1a25.pdf.
The return on pension assets for 2019 amounted to 6.57% with inflation of 5.4% for the same period, which indicates a real positive return.
Accrued investment income for 2019 amounted to 699.77 billion tenge.
The structure of accrued investment income is as follows:
income in the form of remuneration on securities, including on deposits placed and reverse repo operations 665.06 billion tenge;
income (losses) from the market revaluation of securities (35.35 billion tenge;
income (losses) from revaluation of foreign currency (7.37 billion tenge;
revenues from external management 12.94 billion tenge;
income from revaluation of other assets (PFI) 19.8 billion tenge;
other income amounted to 44.69 billion tenge.
The largest share in the portfolio of pension assets of the UAPF (40.45%) was made up of government securities of the Republic of Kazakhstan, as a stable and profitable investment instrument. The current value of state securities in the portfolio of pension assets amounted to KZT 4,368.01 billion, having increased by 7.64% since the beginning of the year. As of the reporting date, the weighted average yield to maturity on government securities of the Republic of Kazakhstan denominated in tenge amounted to 7.8% per annum, in US dollars – 4.4% per annum.
The current value of government securities of foreign states as of January 1, 2020 amounted to 1,235.06 billion tenge, their share in the portfolio is 11.44%. The weighted average yield to maturity of the portfolio of state securities of foreign states at the reporting date was 2.2% per annum in foreign currency.
Bonds of quasi-governmental organizations of the Republic of Kazakhstan as of January 1, 2020 account for 14.86% of the investment portfolio of pension assets. The current value of this type of instruments amounted to 1,604.96 billion tenge, having increased by 23.47% since the beginning of the year. As of the reporting date, the weighted average yield to maturity on bonds of quasi–governmental organizations of the Republic of Kazakhstan denominated in tenge amounted to 10.4% per annum, in US dollars - 5.0% per annum.
Financial instruments of Kazakhstan's second-tier banks are presented as follows: 10.96% of the portfolio is placed in bonds with a weighted average yield of 10.0% per annum in national currency and 6.4% in US dollars; the share of deposits is 2.36% with a weighted average yield of 9.1% per annum in tenge. It should be noted that in 2019, the volume of placement in deposits of Kazakhstani STB was reduced by 22.74 billion tenge (or 8.19%).