Net investment income of UAPF depositors in the current year
More than 475 billion tenge
Pension savings of depositors of the unified accumulative pension fund as of May 1, 2021 exceeded 12.6 trillion tenge. As we all know, this amount includes pension contributions and investment income.
It is important to note that for the four months from January 1 to May 1, 2021, net investment income in the amount of 475.8 billion tenge was credited to the accounts of UAPF depositors. The return on pension assets of the UAPF under the management of the National Bank of the Republic of Kazakhstan as of May 1 was 3.8%, and inflation-2.7%. Over the past 12 months, inflation has reached 7.0%, and the yield has reached 9.8%.
The amount of pension savings of depositors (recipients) is recalculated and revalued on a weekly basis in accordance with the results of investing pension assets. Investment income includes interest on securities (deposits and other transactions), income in the form of market revaluation of financial instruments, currency revaluation, income on assets under external management, etc.
In general, the investment income provided by the National Bank since the merger of all pension assets into the UAPF amounted to about 5.2 trillion tenge. As of May 1, 2021, the share of net investment income in the total amount of pension savings will be 35.6%.
If we take the period since 1998, when the accumulative pension system of Kazakhstan was created, net investment income exceeded 6 trillion tenge. During this time, the investment return was 621.9% with the result of growth. And inflation was 519.4%. Thus, as of May 1, 2021, the real return on pension assets is 102.5%.
It should be noted that pension savings are long – term investments, so it is advisable to analyze the amount of investment income for a period of at least 1 (one) year. Short-term data (daily, monthly, etc.) are not indicators, as they depend on the daily market situation.
The entire system of investment management and accounting of pension assets is open: each depositor receives his / her investment income enpf.kz you can track it from your personal account on the website or using a mobile app. Information on investment management of pension assets of the UAPF and financial instruments in which pension assets are placed is available on the official website of the fund (hereinafter referred to as the fund). www.enpf.kz) in the section" indicators/investment activity".
The UAPF was established on August 22, 2013 on the basis of NPF GNPF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan through the state property and privatization committee of the Ministry of Finance of the Republic of Kazakhstan. Trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension asset management have been transferred to the National Fund Management Council headed by the president of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory professional pension contributions, voluntary pension contributions, personal accounting of pension payments, pension savings and payments, provides the Depositor (recipient) with information about the state of pension savings (read more www.enpf.kz on the site).