The detailed structure of the investment portfolio of financial instruments managed by Centras Securities JSC, indicating the issuers, is presented on the UAPF website.
As of December 1, 2023, pension assets held in trust by Halyk Finance Subsidiary of the Halyk Bank of Kazakhstan JSC amounted to KZT5.4 billion.
The main investments in the portfolio structure are as follows: “reverse repo” (no more than 90 calendar days) – 51.69%, cash in accounts – 12.98%, bonds of quasi-public organizations of the Republic of Kazakhstan – 9.77%, government securities of the Ministry of Finance of the Republic of Kazakhstan – 9 .13%, shares of Exchange Traded Funds (ETF) – 6.09%, government securities of foreign countries – 4.49%.
85.18% of the portfolio was invested in instruments in national currency, in US dollars - 13.82%, in euro currency - 0.99%.
As a result of investment activities, the amount of accrued investment income as of December 1 from the beginning of 2023 amounted to KZT153.15 million. The return on pension assets since the beginning of 2023 has amounted to 15.29%.
The detailed structure of the investment portfolio of financial instruments managed by Halyk Finance Subsidiary of the Halyk Bank of Kazakhstan JSC, indicating the issuers, is presented on the UAPF website.
Let us note that after receiving pension assets from the UAPF, the IPM invests them in the permitted financial instruments specified in the Rules for the implementation of investment portfolio management activities, approved by the resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 1, 2023 No. 62, and provided for in the Investment Declaration of the IPM. When transferring pension savings to the management of the pension insurance company, the state guarantee is replaced by a guarantee from the management company to ensure a minimum level of return on pension assets. The minimum level of return is calculated based on the weighted average return of pension assets transferred to the management of the pension insurance system operating on the market.
Let us remind you that from July 1, 2023, contributors can transfer to trust management no more than 50% of pension savings at the expense of compulsory pension contributions (CPC) and compulsory occupational pension contributions (COPC), without taking into account the minimum sufficiency threshold for investment portfolio managers (IPM), by choosing such a company yourself. Contributors who have voluntary pension savings can transfer them to the IPM in the amount of 100%.