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Net investment income of UAPF depositors exceeded 1.3 trillion tenge
The amount of pension savings of contributors to the Unified Accumulative Pension Fund as of December 1, 2021 reached 13.4 trillion tenge. As you know, this amount includes pension contributions and investment income. A significant increase in pension savings was due to net investment income, which from January 1 to December 1, 2021 exceeded 1.3 trillion tenge, which is almost 210 billion tenge or 19% more than last year. The yield on pension assets of the UAPF managed by the National Bank of Kazakhstan since the beginning of the year amounted to 11.0%, with inflation of 7.8%. At the same time, the yield for the last 12 months amounted to 11.77%, with inflation over the same period of 8.7%. Recall that investment income includes income in the form of interest on securities (deposits and other operations), income in the form of market revaluation of financial instruments, income in the form of 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 6.0 trillion tenge. At the same time, the investment return from the date of the foundation of the most funded pension system (1998) as of December 1, 2021, on an accrual basis, amounted to 680.21%, inflation was 543.19%. Thus, the real return on pension assets for the period from the start of the accumulative pension system until December 1, 2021 amounted to 137.03%. It is worth emphasizing 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 subject to constant changes in market conditions. The entire system of investment management and accounting for pension assets is transparent: each contributor has the opportunity to see his investment income in his personal account on the enpf.kz website or in a mobile application. Note that the revaluation of pension assets is carried out weekly and on the last day of the month. Information on investment management of UAPF pension assets and financial instruments in which UAPF pension assets are placed is published on the official website of UAPF (www.enpf.kz) in the section “Indicators/Investment activity”. |