INFORMATIONAL MESSAGE
In two months, the net investment income of depositors (recipients) of the UAPF exceeded 204.4 billion tenge.
Net investment income of depositors (recipients) The Unified accumulative Pension Fund since the beginning of the year as of 01.03.2023 exceeded 204.4 billion tenge.
The amount of pension savings as of 01.03.2023, including pension contributions and investment income of depositors (recipients), is about 15.13 trillion tenge.
The net investment income provided by the National Bank since 2014 (completion of the process of merging all pension assets into the UAPF) amounted to more than 7.13 trillion tenge.
The year 2023 is marked by instability in the financial markets against the background of the continuing instability of the geopolitical situation. Since the beginning of the year, there has been an increase in inflation and volatility in the profitability of pension assets, which depends on the market and currency revaluation of financial instruments and demonstrates both positive and negative indicators.
However, due to the diversification of the portfolio by selected financial instruments, economic sectors and currencies, a positive investment income was earned within 2 months.
It is known that pension savings are long–term investments and it is advisable to analyze the amount of investment income for a period of at least 1 (one) year. Short-term data (weekly, monthly, etc.) are not indicative, because they depend on changes in market conditions.
We emphasize that in the long term, a positive real (exceeding accumulated inflation) return on pension savings is ensured. The accumulated yield since the foundation of the accumulative pension system (1998) on March 1, 2023, with an increasing total, amounted to 740.12% with inflation for the entire period of 695.96%.
Recall that Kazakhstan has a unique guarantee of the safety of mandatory types of pension contributions, taking into account the level of inflation. Even with a decrease in profitability in a separate period that affected the accumulated profitability of the depositor upon the onset of the right to payments, compensation for the difference is guaranteed by the state.
The entire system of investment management and accounting of pension assets is transparent: each depositor has the opportunity to see his investment income in his personal account on the enpf website.kz or in the mobile app.
Information on the investment management of the pension assets of the UAPF and on the financial instruments in which the pension assets of the UAPF are placed is published on the official website of the UAPF (www.enpf.kz ) in the section "Indicators/Investment activity".
There is a lot of interesting and useful information, including interviews with experts of the accumulative pension system about investing pension assets, on the YouTube channel BZHZKENPF.
The UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The 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 assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz ).