ANNOUNCEMENT
Investment portfolios of pension assets as of May 1, 2023
The website enpf.kz provides a report on the management of pension assets of the NBRK and UIP as of May 1, 2023. A detailed report on the investment of pension savings is posted on the enpf.kz website in the “Indicators - Investment Activity” section, which provides monthly information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPMs). The total volume of pension assets as of May 1, 2023 amounted to about 15,677.57 billion tenge. At the same time, the pension assets of the UAPF, which are in trust management of the National Bank of the Republic of Kazakhstan, amounted to 15,668.2 billion tenge. Pension assets managed by the pension insurance company amounted to 9.37 billion tenge.
Investment portfolio of pension assets managed by the NBRK
The main directions for investing pension assets of the NBRK as of May 1, 2023 are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 47.38%, bonds of quasi-state companies - 10.86%, bonds and deposits of second-tier banks of the Republic of Kazakhstan - 6.98%, Government securities of foreign states – 4.60%, securities of international financial organizations – 2.43%, corporate bonds of Kazakhstani issuers – 0.10%.
The investment portfolio, broken down by the currencies in which financial instruments purchased from pension assets are denominated, as of May 1, 2023, looks like this: investments in national currency - 70.89%, in US dollars - 29.06%, in in another currency – 0.05% of the portfolio of pension assets. From the analysis of the structure of income received, it follows that income in the form of remuneration on securities, including on placed deposits and reverse repo operations and from market revaluation of securities, amounted to 508.96 billion tenge, for assets under external management - 25.43 billion tenge, other income – 1.59 billion tenge. At the same time, the revaluation of foreign currency brought a loss in the amount of 54.16 billion tenge.
Thus, due to the diversification of the investment portfolio of pension assets by instruments, industries and currencies, the total income for April 2023 is positive.
As a result of investment activities, as well as due to the volatility of foreign exchange rates and changes in the market value of financial instruments, the amount of accrued investment income since the beginning of 2023 amounted to 481.82 billion tenge.
The return on UAPF pension assets distributed to the accounts of depositors (recipients) from the beginning of 2023 amounted to 3.13% with inflation of 4.20%.
Moreover, as of May 1, 2023, the return on pension assets over the last 12 months (from May 2022 to April 2023) for UAPF contributors (recipients) was 8.93%.
Let us recall that in the medium and long term, a positive real (exceeding accumulated inflation) return on pension savings is ensured.
The detailed structure of the investment portfolio of financial instruments managed by the National Bank of Kazakhstan, indicating issuers and an overview of investment activities are posted on the official website of the UAPF. Let us recall that in Kazakhstan there is a model of state guarantee of the safety of pension savings. In accordance with Article 5 of the Law of the Republic of Kazakhstan “On pension provision in the Republic of Kazakhstan”, the state guarantees recipients the safety of mandatory pension contributions and mandatory professional pension contributions to the UAPF in the amount of contributions actually made, taking into account the level of inflation at the time of receipt of the right to pension payments.